Asked by Katelyn Tilden on Jun 24, 2024
Verified
Primary activities _________ add value directly to the firm's products or services; support activities _________ add value directly to the firm's products or services.
A) do; do
B) do; do not
C) do not; do
D) do not; do not
Primary Activities
Those business activities related to the production and distribution of the firm’s products and services, thus creating value.
Support Activities
Business activities that do not add value directly to a firm’s product or service under consideration but support the primary activities that do add value.
Add Value
To add value means to enhance or increase the worth of a product or service through additional features, improved quality, or enhancement of some form.
- Show understanding of Porter’s model of competitive forces and its significance in the formulation of strategic plans.
Verified Answer
Learning Objectives
- Show understanding of Porter’s model of competitive forces and its significance in the formulation of strategic plans.
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