What is the point of the value chain model, Other Subject

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What is the point of the value chain model

Problem: What is the point of the value chain model?

Group of answer choices

A manager can use the value chain to assess what functions are non-essential to an organization
A manager can use the tool to divide the firm into its various activities, and assess for the cost added (and contribution to increased Willingness to Pay)for each activity
A manager can use the tool to evaluate if a resource is valuable to the firm
A manager can use the tool to gage competitors' reactions

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