Define value chain and explain the difference between a firm ...

[ericka1]

Define value chain and explain the difference between a firm value chain, an industry value chain, and a value web.
 
  What will be an ideal response?

Question 2

During which period of time did the Institutionalizatio n phase of Internet development take place?
 
  A) 1950-1960
  B) 1961-1974
  C) 1975-1995
  D) 1995-through the present

[vickybb89]

Answer to Question 1

A value chain is the set of activities performed that transforms raw inputs into final products and services. A firm value chain is the set of activities a firm engages in to create final products from raw inputs. The key steps and support activities in a firm's value chain are inbound logistics, operations, outbound logistics, sales and marketing, and after sales service. With an industry value chain, the chain broadens to include six generic players: suppliers, manufacturers, transporters, distributors, retailers, and customers. A value web coordinates a firm's suppliers with its own production needs using an Internet-based supply chain management system. It is a networked trans business system that coordinates the value chains of several firms.

Answer to Question 2

C

[ericka1]

Thank you

[vickybb89]

No problemo