B Com Exam  >  B Com Tests  >  Cost Management  >  Test: Contemporary Concepts - B Com MCQ

Test: Contemporary Concepts - B Com MCQ


Test Description

10 Questions MCQ Test Cost Management - Test: Contemporary Concepts

Test: Contemporary Concepts for B Com 2024 is part of Cost Management preparation. The Test: Contemporary Concepts questions and answers have been prepared according to the B Com exam syllabus.The Test: Contemporary Concepts MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Contemporary Concepts below.
Solutions of Test: Contemporary Concepts questions in English are available as part of our Cost Management for B Com & Test: Contemporary Concepts solutions in Hindi for Cost Management course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Contemporary Concepts | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study Cost Management for B Com Exam | Download free PDF with solutions
Test: Contemporary Concepts - Question 1

What is the primary purpose of value chain analysis?

Detailed Solution for Test: Contemporary Concepts - Question 1
The primary purpose of value chain analysis is to identify a firm's primary and support activities that add value to its final product.
Test: Contemporary Concepts - Question 2

In value chain analysis, what are primary activities?

Detailed Solution for Test: Contemporary Concepts - Question 2
Primary activities in value chain analysis are those that contribute directly to the production of goods or services, such as manufacturing and logistics.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Contemporary Concepts - Question 3

Which of the following is an example of a differentiation advantage strategy?

Detailed Solution for Test: Contemporary Concepts - Question 3
Adding more product features is a strategy used to create differentiation and enhance customer value.
Test: Contemporary Concepts - Question 4
How can a firm achieve cost advantage in value chain analysis?
Detailed Solution for Test: Contemporary Concepts - Question 4
A firm can achieve cost advantage in value chain analysis by reducing costs in primary activities, such as manufacturing and logistics.
Test: Contemporary Concepts - Question 5
Which stage of the value chain analysis process involves evaluating differentiation strategies?
Detailed Solution for Test: Contemporary Concepts - Question 5
Stage 4 of the value chain analysis process involves evaluating differentiation strategies to identify the best sustainable differentiation.
Test: Contemporary Concepts - Question 6
In value chain analysis, what does VCA stand for?
Detailed Solution for Test: Contemporary Concepts - Question 6
VCA stands for Value Chain Analysis in value chain analysis.
Test: Contemporary Concepts - Question 7
Which activities are considered primary activities in value chain analysis?
Detailed Solution for Test: Contemporary Concepts - Question 7
Primary activities in value chain analysis are activities that contribute directly to the production of goods or services, such as manufacturing and logistics.
Test: Contemporary Concepts - Question 8
What is the main goal of value chain analysis when a firm competes through differentiation advantage?
Detailed Solution for Test: Contemporary Concepts - Question 8
The main goal of value chain analysis when a firm competes through differentiation advantage is to create superior products and customer value.
Test: Contemporary Concepts - Question 9
What is the main goal of a firm competing through cost advantage in value chain analysis?
Detailed Solution for Test: Contemporary Concepts - Question 9
The main goal of a firm competing through cost advantage is to reduce costs in primary activities to achieve a cost advantage over competitors.
Test: Contemporary Concepts - Question 10
What is the primary focus of a firm competing on cost advantage in value chain analysis?
Detailed Solution for Test: Contemporary Concepts - Question 10
The primary focus of a firm competing on cost advantage in value chain analysis is lowering costs in primary activities to achieve a cost advantage.
48 videos|51 docs|17 tests
Information about Test: Contemporary Concepts Page
In this test you can find the Exam questions for Test: Contemporary Concepts solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Contemporary Concepts, EduRev gives you an ample number of Online tests for practice
48 videos|51 docs|17 tests
Download as PDF