Question

According to Michael Porter, a firm’s _____ is composed of primary and secondary support activities that can lead to competitive advantage when configured properly.

Answer 1

The correct word for the blank space is: value chain.

Step-by-step explanation:

American economist Michael E. Porter (born in 1947) coined the term value chain to denote the interrelated operating activities businesses perform during the process of converting raw materials into finished products. The goal in value chain analysis is to find ways to add value to the product along each part of the process and do so at the lowest possible cost.