The main objective of value chain analysis is to identify stages of the value chain where the firm can:
A)Justify increases in the price of the product or service.
B)Increase value to the customer or reduce cost in some way.
C)Outsource production to other producers.
D)Improve efficiency

Question

Quizplus · Accepted Answer

The main objective of value chain analysis is to identify areas where the firm can increase value to the customer or reduce cost in some way. This can lead to a competitive advantage for the firm. Justifying price increases or outsourcing production are potential outcomes of value chain analysis, but they are not the main objectives. Improving efficiency can also be a goal of value chain analysis, but this is typically done in service of increasing customer value or reducing costs.

The Main Objective of Value Chain Analysis Is to Identify