BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The primary activities of the value chain include inbound logistics, operation outbound logistics, marketing and sales, and service. Secondary activities or the support activities include firm infrastructure, human resources management, and procurement.

Detailed explanation-2: -Components of a Value Chain According to Porter’s definition, all of the activities that make up a firm’s value chain can be split into two categories that contribute to its margin: primary activities and support activities.

Detailed explanation-3: -The value chain framework is made up of five primary activities–inbound operations, operations, outbound logistics, marketing and sales, service–and four secondary activities–procurement and purchasing, human resource management, technological development and company infrastructure.

Detailed explanation-4: -Porter laid down the concept of the value chain by splitting the value chain analysis into two activities that are primary and secondary. These are further divided into five primary activities and four supporting ones.

Detailed explanation-5: -The five key (primary) activities that generate higher profits include inbound logistics, operations, outbound logistics, marketing and sales, and services.