Value Chain Analysis can enable a firm to better identify its own strengths and weaknesses especially as compared to competitors' Value Chain Analyses.

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Value Chain Analysis assesses all the activities involved in delivering a product or service to customers. By carrying out a Value Chain Analysis, a firm can gain insights into how it can improve its operations and enhance its competitive advantage. Comparing its own Value Chain Analysis to that of its competitors can help a firm identify areas where it is outperforming competitors and areas where it needs to improve. Therefore, the statement that Value Chain Analysis can enable a firm to better identify its own strengths and weaknesses especially as compared to competitors' Value Chain Analyses is true.

Value Chain Analysis Can Enable a Firm to Better Identify