BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Produce the aircraft
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Selling the tickets to passengers
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Getting passengers and baggage from A to B by flying
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The design of the price structure
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Detailed explanation-1: -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-2: -The correct answer is D) procurement. This option is correct because procurement is one of the secondary activities of the value chain.
Detailed explanation-3: -Which of the following outcomes is a potential benefit of outsourcing? The similarity required for sharing core competencies must be in the value chain, not in the product. Various segregated specializations will be combined.
Detailed explanation-4: -Co-Specialization is a network of firms providing different parts of a value-chain in the production of a product or service.