It is becoming more common to see manufacturing firms use the value chain to take strategic steps to improve the overall profitability of the firm by:
A) Placing greater emphasis on the value chain.
B) Moving to an emphasis on upstream activities in the value chain.
C) Moving to an emphasis on downstream activities in the value chain.
D) Identifying most profitable customers.
E) Moving to an emphasis on both the upstream and downstream activities in the value chain.

Question

Quizplus · Accepted Answer

By emphasizing both upstream and downstream activities in the value chain, manufacturing firms can identify ways to improve efficiency, reduce costs, and increase customer satisfaction. This approach can lead to improved profitability by providing a more complete picture of the value creation process and identifying opportunities for optimization at each step. Additionally, firms can use data and analytics to identify the most profitable customers, further enhancing their profitability.

It Is Becoming More Common to See Manufacturing Firms Use