Podcast
Questions and Answers
What is a value chain?
What is a value chain?
- The range of activities needed to bring a product from conception to distribution (correct)
- A series of stores that sell the same product
- The various marketing strategies used to promote a product
- A network of suppliers and distributors
How do value chain players align their work?
How do value chain players align their work?
- By maximizing individual profits
- By following rigid industry regulations
- Based on market signals and capabilities (correct)
- Through aggressive advertising campaigns
What is necessary for value chains to be competitive?
What is necessary for value chains to be competitive?
- Heavy investment in marketing
- Strict adherence to traditional methods
- Continuous innovation (correct)
- Loyalty to existing suppliers
What characterizes a push-based value chain?
What characterizes a push-based value chain?
In a pull-based value chain, what drives procurement, production, and distribution?
In a pull-based value chain, what drives procurement, production, and distribution?
What makes value chains innovative and market-driven?
What makes value chains innovative and market-driven?
Who are the main actors in a value chain?
Who are the main actors in a value chain?
Which of the following is a value chain supporter?
Which of the following is a value chain supporter?
What are examples of basic infrastructural services in a value chain?
What are examples of basic infrastructural services in a value chain?
Which of the following is a production and storage service in a value chain?
Which of the following is a production and storage service in a value chain?
What do value chain influencers include?
What do value chain influencers include?
What is the purpose of a value chain analysis?
What is the purpose of a value chain analysis?
Which actors involve producing, processing, trading, and owning the products in a value chain?
Which actors involve producing, processing, trading, and owning the products in a value chain?
What service adds value to the product but never directly deals with the product?
What service adds value to the product but never directly deals with the product?
Which actors are grouped into marketing and business support services in value chains?
Which actors are grouped into marketing and business support services in value chains?
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