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Author Question: Briefly describe the concepts of value, margin, and value chain as defined by Porter. What will ... (Read 75 times)

faduma

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on: Jul 7, 2018
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.
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polinasid

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Reply #1 on: Jul 7, 2018
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


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faduma

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Reply #2 on: Jul 7, 2018
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polinasid

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Reply #3 on: Jul 7, 2018
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