What is value chain analysis

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In order to beat your competition, you must create value for your customers. If a customer perceives that your product or service has value, then they will make a purchase. Answer the following questions about the nature of value: What is value? Why is it critical for a firm to create value? How does it do so? What is value chain analysis? What does the firm gain when it successfully uses this tool? When creating value for a customer, why is product differentiation so important?

Reference no: EM13780594

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