Question: Characterize each of the following terms: value chain, value system, operational effectiveness, and competitive advantage. Also, discuss the relationship among the following concepts: value chain,

Characterize each of the following terms: value chain, value system, operational effectiveness, and competitive advantage. Also, discuss the relationship among the following concepts: value chain, value system, operational effectiveness, and competitive advantage.

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1 Value Chain A business term first mentioned by Michael Porter The value chain is a sequence of activities that a firm performs to produce a good or ... View full answer

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