In considering the business strategy of Vermont Teddy Bear, which value chain activities are most operationally critical to its business success?

which value chain activities yield the most value added to the product ?

which activity is highest cost? Which is lowest?

for example, it is obvious that production of the bears is high-cosr so why doesn't VTB just outsource Teddy Bear production to some plants in Indonesia or Vietnam? However, in what way might the VC concept lean against such an option?