Briefly describe the concepts of value, margin, and value chain ...

[faduma]

Briefly describe the concepts of value, margin, and value chain as defined by Porter.
 
  What will be an ideal response?

Question 2

Which of the following is true of the challenges of international information systems (IS) management?
 
  A) Standardizing business processes is a good method to overcome the challenges posed by international IS management.
  B) Running hardware using the cloud in different countries poses a problem.
  C) The procedures for using a customer relationship management system remain the same irrespective of the country where it is used.
  D) The purpose and the scope of a system are determined in the requirement analysis stage of the software development life cycle.

[polinasid]

Answer to Question 1

Porter defined value as the amount of money that a customer is willing to pay for a resource, product, or service. The difference between the value that an activity generates and the cost of the activity is called the margin. A value chain is a network of value-creating activities. That generic chain consists of five primary activities and four support activities.

Answer to Question 2

A

[faduma]

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[polinasid]

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