COB 204 Jewett Exam 1 , Complete Test ||
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Terms in this set (50)
Value chain Sum of all activities to produce and deliver a
good/service
Primary activities in the value chain Direct activities of producing, selling and
delivering outputs
Secondary activities in the value are not directly involved in the evolution of a
chain product but instead provide important underlying
support for primary activities
E.g. management and legal
Who is more likely to suffer in a Secondary
merger primary or secondary? think* we dont need this many mangers now
Decision process first step Define problem/goal
What do I want to accomplish
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, 5/12/26, 5:28 PM COB 204 Jewett Exam 1 , Complete Test || Questions and Answers (Verified Answers) (Latest Update 2026) UPDATE!! Flashcards …
Cognitive bias Selective perception "confirmation bias"
Stereotyping
Cheerleader effect
Porter's Five Forces threat of entry
threat of substitute
supplier power
buyer power
competitive rivalry
Threat of New Entry Time and cost of entry
Specialist knowledge
Economies of scale
Cost advantages
Technology protection
Barriers to entry
Threat of Substitutes substitute performance
cost of change
Buyer Power Number of customers
Size of each order
Differences between competitors
Price sensitivity
Ability to substitute
Cost of changing
Supplier Power number of suppliers
size of suppliers
uniqueness of service
your ability to substitute
cost of changing
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