To help a firm achieve a competitive advantage, each distinct activity performed in the value chain needs to
A) contribute to the firm's strategic position as either low-cost leader or differentiator.
B) reduce the immobility and the heterogeneity of the firm's resources.
C) create a static fit between the company's internal resources and the external environment.
D) reduce the causal ambiguity and the social complexity of the firm's source of success.

Question

Quizplus · Accepted Answer

To help a firm achieve a competitive advantage, each distinct activity performed in the value chain needs to contribute to the firm's strategic position as either low-cost leader or differentiator. Each distinct activity performed needs to either add incremental value to the product or service offering or lower its relative cost.

To Help a Firm Achieve a Competitive Advantage, Each Distinct