The primary activities of the value chain include inbound logistics, operation outbound logistics, marketing and sales, and service. Secondary activities or the support activities include firm infrastructure, human resources management, and procurement.
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Which of the following are primary activities in the value chain?
The value chain framework is made up of five primary activities — inbound operations, operations, outbound logistics, marketing and sales, service — and four secondary activities — procurement and purchasing, human resource management, technological development and company infrastructure.
Which of the following is a primary value chain activity quizlet?
The value chain categorizes the generic value-adding activities of an organization. The “primary activities” include: inbound logistics, operations (production), outbound logistics, marketing and sales, and services (maintenance).
What is value chain quizlet?
Value Chain. the coordinated series of functional activities needed to transform resources into products and services customers want to buy. Consists of primary activities and secondary (or supporting) activities.
Which of the following does not belong to the primary value chain activities?
The correct answer is D) procurement. This option is correct because procurement is one of the secondary activities of the value chain.
What is primary value chain?
The primary activities of the value chain include inbound logistics, operation outbound logistics, marketing and sales, and service. Secondary activities or the support activities include firm infrastructure, human resources management, and procurement.
Which of the following is a primary activity in Porter’s value chain Mcq?
Which of the following are primary activities in Porter’s value chain? Operations and outbound logistics.
What is an example of a value chain activity?
The activities associated with this part of the value chain are providing service to enhance or maintain the value of the product after it has been sold and delivered. Examples: installation, repair, training, parts supply and product adjustment.
Which of the following are considered to be primary activities in a value chain analysis as outlined by Porter?
Porter’s value chain involves five primary activities: inbound logistics, operations, outbound logistics, marketing and sales, and service.
Which of the following is a primary activity in the value chain production accounting purchasing human resource management?
post-sales service. A primary activity in the value chain refers to activities involving inbound logistics, outbound logistics, marketing and sales, and then servicing, which is known as post-sales services.
What is a value chain of a company?
The term value chain refers to the various business activities and processes involved in creating a product or performing a service. A value chain can consist of multiple stages of a product or service’s lifecycle, including research and development, sales, and everything in between.
What is value chain model?
Value chain is a business model used to examine all company activities involved in taking a product or service from idea to sellable item. Ideally, companies can use the value chain model to strengthen their point of view and widen their profit margin—more efficiency, fewer costs.
What is the goal of value chain analysis quizlet?
The goal of value chain analysis is to find areas where a company can either add value or reduce cost. The value chain focuses on the entire production process, as well as the sale of the product and service after the sale.
What are the five primary activities in a supply chain?
The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.
What is primary activity of supply chain management?
Supply chain management is the process of delivering a product from raw material to the consumer. It includes supply planning, product planning, demand planning, sales and operations planning, and supply management.
Which of the following is not a primary activity?
Banking services is not a primary activity. It comes under tertiary activity. A bank is a financial institution that accepts deposits from the public and creates credits.
What are the two types of value chain?
Types of Value Chain
- Inbound logistics is what a company does when it receives, stores, and distributes inputs.
- Outbound logistics is what a company does when it sends products or services to customers.
- Operations, which are activities that change inputs into outputs in finished products, are called operations.
What are the four components of supply chain management?
Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.
What are primary activities in business?
Primary Activities are the value chain from inbound materials to production operations, to outbound goods and their distribution, to the ‘far end of the value chain’, marketing and sales, to customer care and after sales services. Here, Porter argued, lay the ground for competitive advantage.
What are the five primary activities of the value chain model Mcq?
The five key (primary) activities that generate higher profits include inbound logistics, operations, outbound logistics, marketing and sales, and services.
Which of the following is a primary activity?
Activities like mining, farming, hunting, lumbering, and forestry are all parts of the primary sector.