Explain the meaning of value chain linkages with the help of an example
What will be an ideal response?
Porter's model of business activities includes linkages, which are interactions across value activities. For example, manufacturing systems use linkages to reduce inventory costs. Such a system uses sales forecasts to plan production; it then uses the production plan to determine raw material needs and then uses the material needs to schedule purchases. The end result is just-in-time inventory, which reduces inventory sizes and costs.
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_____ is the tendency of the parts of an organization to draw together to achieve a common purpose.
Fill in the blank(s) with the appropriate word(s).
In which pricing technique does a retailer advertise and sell key items in the product assortment at less than their usual profit margins?
a. odd pricing b. price lining c. bait-and-switch advertising d. leader pricing