1.

Using the value-chain model, which of the following primary activities is performed last, as inputs are transformed into outputs?

Group of answer choices

Research and development

Marketing and sales

Logistics

Production

Customer service

2.

The term value chain refers to the idea that a company is:

Group of answer choices

one of a series of units that comprise an industry segment.

the producer of a series of customer-valued products that are linked together.

a chain of functional activities that transform inputs into products.

one of a series of economic functions.

a collection of various products and their attributes.

3.

Which of the following is a true statement about the the "S Curve of Market Growth (Industry Life Cycle)?

Group of answer choices

There are three inflection points where strategy must be revisited.

Hyper compettiton occurs in the rapid growth segment of the curve.

The "chasm" is crossed when a significant competitve action is taken by an industry participant

It compares demonstrates the increase in shareholder value of the industry particpants over time.

Supply exceeds demand in the decline stage.