According to the textbook,it is useful to think of the firm as a(n)__________ composed of a series of distinct activities,including production,marketing,materials management,R&D,human resources,information systems,and the firm infrastructure.
A) functional stream
B) momentum machine
C) inertia chain
D) value chain
E) business chain

Question

Quizplus · Accepted Answer

The concept of a series of distinct activities within a firm is referred to as the value chain. This concept was first introduced by Michael Porter and it helps to identify the primary and support activities of a firm that contribute to its overall value creation. The other choices (functional stream, momentum machine, inertia chain, and business chain) do not accurately describe the concept of a firm as a series of distinct activities.

According to the Textbook,it Is Useful to Think of the Firm