Exam (elaborations)
BPL Chapter 3 Exam | Questions And Answers Latest {} A+ Graded | 100% Verified
- Course
- Institution
BPL Chapter 3 Exam | Questions And Answers Latest {} A+ Graded | 100% Verified
[Show more]
Content preview
BPL Chapter 3 Exam | Questions And Answers Latest {2024- 2025} A+ Graded | 100%Verified
Value Chain Analysis - views the organization as a SEQUENTIAL process of value-creating activities. it's
useful for understanding the building blocks for competitive advantages
Value - the amount that buyers are willing to pay for what a firm provides them and is measured by total
revenue
- it's a reflection of the price a firm's product commands and the amount that it can sell
'a firm is profitable' which means..? - value it receives that exceeds the total costs involved in creating its
products and services.
- creating value for buyers that exceeds the costs of production (margin is a big example)
- it's another key concept that's used to look into the firm's competitive advantage
what are the two different categories of activities? - primary activities and support activities
primary activities - inbound logistics, operations, outbound logistics, marketing and sales/services.
- it contributes to the PHYSICAL creation of the product/service
- its sale and transfer to the buyer and its service after the same.
support activities - procurement, technology development, human resource management and general
administration
- they either add value by themselves or add value through important relationships with both primary
activities and other support activities
what are the categories for primary activities? - 1. inbound logistics
2. operations
3. outbound logistics
4. marketing and sales
5. services
, inbound logistics - FALLS IN PRIMARY
- it's connected with receiving, storing and distributing inputs to the product
- has to do with material handling, warehousing , inventory control, vehicle scheduling and return to
suppliers
- JIT is designed to achieve efficient inbound logistics
operations - FALLS IN PRIMARY
- includes all activities connected with transforming inputs into the final product form.
- machining, packaging, assembling, testing, printing and facility operations.
outbound logistics - FALLS IN PRIMARY
- connected with collecting, storing and distributing the product or service to buyers.
-these activities can include finished goods, warehousing, material handling, delivery vehicle operations,
order processing and scheduling
marketing and sales - FALLS IN PRIMARY
- connects with purchases of products and services by end users and the inducements used to get them
to make purchases
- advertising, promotion, sales force, quoting, channel relations, and pricing
service - FALLS IN PRIMARY
- includes all actions associated with providing services to enhance or maintain the value of the product
- installation, repair, training, part supply and product adjustment
product placement - - connected with marketing and sales,
- it's a marketing strategy that firms use to increasingly use to reach customers who are not swayed by
traditional advertisement.
what are the four generic categories of support activities? - 1. general administration
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller oneclass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.48. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76449 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now