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Which of the following is an accurate statement about value chain analysis? The value chain concept can be applied only to manufacturing firms. The value

Which of the following is an accurate statement about value chain analysis?

The value chain concept can be applied only to manufacturing firms.

The value chain concept can be applied only to high-tech firms.

The value chain concept can be applied only to manufacturing and high-tech firms.

The value chain concept can be applied to all firms, including service firms.

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