Identifying Market Opportunities and Threats Quiz

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What does a value chain analysis facilitate?

Examination of the company's advertising strategies.

Comparison of the company's revenue with its competitors.

Analysis of the company's employee satisfaction levels.

Comparison of how effectively and efficiently a firm delivers value to its customers. (correct)

What is the purpose of separating a firm's operations into primary and secondary activities during value chain analysis?

To analyze customer feedback.

To identify major components of the internal cost structure. (correct)

To determine the number of employees in each department.

To evaluate the company's total revenue.

How is activity-based costing utilized in value chain analysis?

To calculate market share.

To evaluate activities and determine their costs. (correct)

To assess employee satisfaction levels.

To analyze competitors' customer base.

In an industry value chain, what does the internal value chain of a company include?

Everything the company does itself, from supplies to selling finished products. Signup and view all the answers

How do costs and profit margins of suppliers and channel partners impact end consumers?

By influencing prices due to added profit along the chain. Signup and view all the answers

What is the main objective of conducting a value chain analysis for significant competitors?

To compare cost structures with competitors. Signup and view all the answers

What is the primary activity in Everlane's value chain that involves transforming raw materials into a finished product?

Operations Signup and view all the answers

Which activity in the Everlane value chain includes activities such as receiving, storing, and managing raw materials for denim?

Inbound logistics Signup and view all the answers

Which of the following is considered a secondary activity in a value chain based on the provided information?

Customer service Signup and view all the answers

In the Everlane value chain, which activity covers how the finished product is delivered to the customer?

Outbound logistics Signup and view all the answers

Which activity could Everlane potentially reduce costs in without compromising its competitive strength?

Inbound logistics Signup and view all the answers

What could be a strategic focus area for Everlane to maintain cost-effectiveness according to the information provided?

Optimizing inbound logistics efficiency Signup and view all the answers

What external factor involves taking advantage of failing trade barriers in attractive foreign markets?

Restrictive foreign trade policies Signup and view all the answers

How can a company capitalize on competitor problems according to the text?

By trying to win over struggling competitor's customers Signup and view all the answers

Which external factor poses a threat due to adverse economic conditions affecting critical suppliers or distributors?

Adverse economic conditions Signup and view all the answers

What can be done to innovate based on emerging technological developments?

Enter into alliances or other cooperative ventures Signup and view all the answers

How do costly new regulatory requirements impact a company's operations?

By affecting the company's competitiveness Signup and view all the answers

What external challenge arises from tight credit conditions, making loans harder to obtain?

Adverse demographic changes Signup and view all the answers

What is the primary focus of the marketing and sales activities mentioned in the text?

Getting customers to buy the product Signup and view all the answers

Which of the following is considered a secondary activity in Everlane's value chain?

Developing machinery for production Signup and view all the answers

What is included in the procurement activity of Everlane's value chain?

Purchasing materials like denim and hardware Signup and view all the answers

Which activity is part of firm infrastructure in Everlane's value chain?

Managing company's physical facilities and information systems Signup and view all the answers

Which activities are relevant to the entire industry value chain according to the text?

Activities of Everlane's suppliers, distributors, and retailers Signup and view all the answers

What is the main purpose of technology development and acquisition in Everlane's value chain?

Developing or acquiring the technology needed to operate the business Signup and view all the answers

What is the main reason for collecting competitive intelligence to accurately benchmark delivered costs in the solar industry?

To track industry trends Signup and view all the answers

Which principle emphasizes the importance of keeping business activities legal?

Principle of Legality Signup and view all the answers

What does the Principle of Exchange in business ethics primarily focus on?

Making fair exchanges with others Signup and view all the answers

Which principle is associated with handling sensitive information with care and trust?

Principle of Confidentiality Signup and view all the answers

Why is the Principle of Preparation significant in ethical business behavior?

To plan and execute business activities responsibly Signup and view all the answers

Which ethical principle involves engaging with individuals outside the primary parties involved in a transaction?

Principle of Third Party Contact Signup and view all the answers