Question: 1.Describe the basic Tenets of the virtual value chain. How does it differ from the physical value chain? Can you identify an example for each

1.Describe the basic Tenets of the virtual value chain. How does it differ from the physical value chain? Can you identify an example for each of the 3 applications of the virtual value chain.

2.Think about your last job, or the job you'd like once you have graduated. Where would you place the firms product or service on the dimensions of theoretical repurchase frequency and degree of customizability? How difficult is it for the firm to collect and use customer data? Is the firm engaging in a customer data strategy? If not, is it missing the boat?

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