Question

A useful way to understanding the purpose of strategy is to think of the firm as a(n) ________, composed of a series of distinct activities, including production, marketing, materials management, R&D, human resources, information systems, and the firm infrastructure.

Answer 1

Answer:

d. value chain

Explanation:

Based on the information provided it can be said that the most useful way of doing this is to think of the firm as a value chain. This term refers to all the activities and process within the firm that give that firm value. This includes production, human resources, marketing, management, and even customer service. All of which provide a different function for the firm that increases it's overall value.