Firms can use value-chain activities to create value by either finding better ways to perform the
same activities or by ________.
A) changing activities to match what competitors are doing
B) finding different ways to perform the same activities
C) integrating new activities into the chain
D) aligning with other firms to merge activities
B
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Which of the following best describes the manager of a profit center?
A) The manager is only responsible for controlling costs. B) The manager is responsible for generating profits and efficiently managing the center's invested capital. C) The manager is only responsible for generating revenues. D) The manager is responsible for generating revenues and controlling costs.
The Pecking Order Hypothesis predicts which of the following?
A) Firms prefer internal financing first. B) If external financing is required, firms should first seek debt financing. C) If external financing is required, firms will choose to issue the safest or cheapest security first, starting with debt financing and using equity as a last resort. D) All of these