The initial step to implementing value chain analysis is
A)dividing a firm's operations into specific activities or business processes.
B)establishing costs in terms of money.
C)establishing costs in terms of time.
D)attaching a cost to each discrete activity.
E)converting the cost data into information by looking for competitive cost strengths and weaknesses.

Question

Quizplus · Accepted Answer

The initial step to implementing value chain analysis is to divide a firm's operations into specific activities or business processes. This is essential for understanding how the company creates value at each stage of the value chain and for identifying potential areas for cost savings or differentiation. The other choices listed are important steps in conducting value chain analysis but they are not the initial step.

The Initial Step to Implementing Value Chain Analysis Is