Explain Porter's value chain model and the types of activities ...

[s.tung]

Explain Porter's value chain model and the types of activities involved in it.
 
  What will be an ideal response?

Question 2

Databases record information about general categories of information referred to as entities.
 
  Indicate whether the statement is true or false

[cdmart10]

Answer to Question 1

Porter's value chain model describes the activities a company performs to create value, as it brings in raw resources from suppliers, transforms them in some way, and then markets the product or service to buyers. In the model, the company performs primary activities directly related to the process by which products and services are created, marketed, sold, and delivered. Support activities encompass all the other processes and offices the company needs, including administration and management, human resources, procurement, and technology support.

Answer to Question 2

TRUE

[s.tung]

TYSM

[tandmlomax84]

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