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PBA4805 exam pack

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  • June 12, 2024
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  • 2023/2024
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Value Chain Management - PBA4805

Section A: Multiple Choice Questions (20 marks)

Instructions: Choose the best answer for each question.

1. What is the primary objective of value chain management?

o A) Maximizing customer satisfaction

o B) Minimizing costs

o C) Maximizing shareholder value

o D) Maximizing employee satisfaction

Answer: C) Maximizing shareholder value

2. Which of the following is NOT a primary activity in the value chain?

o A) Inbound logistics

o B) Procurement

o C) Human resource management

o D) Outbound logistics

Answer: C) Human resource management

3. Which of the following is a characteristic of a value chain?

o A) It only includes primary activities

o B) It is static and unchanging

o C) It focuses solely on cost reduction

o D) It involves both primary and support activities

Answer: D) It involves both primary and support activities

4. Which of the following is NOT a support activity in the value chain?

o A) Procurement

o B) Technology development

o C) Marketing and sales

o D) Firm infrastructure

, Answer: C) Marketing and sales

5. Which of the following statements about value chain analysis is TRUE?

o A) It is primarily focused on internal operations

o B) It is not useful for identifying competitive advantages

o C) It involves only primary activities

o D) It does not consider cost implications

Answer: A) It is primarily focused on internal operations

6. Porter's value chain model includes ______ primary activities.

o A) 3

o B) 4

o C) 5

o D) 6

Answer: B) 4

7. In the value chain, procurement is concerned with:

o A) Selling products to customers

o B) Managing relationships with suppliers

o C) Transporting products to distribution centers

o D) Managing inventory levels

Answer: B) Managing relationships with suppliers

8. Which of the following is NOT a step in the value chain analysis process?

o A) Identifying primary activities

o B) Analyzing the cost structure

o C) Benchmarking competitors' prices

o D) Evaluating the competitive advantage

Answer: C) Benchmarking competitors' prices

9. Which activity in the value chain involves receiving, storing, and distributing inputs to the
product?

o A) Inbound logistics

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