Ohio is a state located in the Great Lakes region of the United States. It is known for its diverse economy, encompassing various industries such as manufacturing, healthcare, education, and technology. When assessing the support activities in the value chain within Ohio, it is crucial to examine the infrastructure, technology, and human resources that contribute to the efficiency and success of businesses in the state. Infrastructure plays a vital role in supporting economic activities in Ohio. The state boasts a well-developed transportation network, including an extensive highway system and a network of railways, providing businesses with efficient means to transport goods and services. Furthermore, Ohio is served by several major airports and seaports, facilitating domestic and international trade. Technology and innovation are significant drivers of Ohio's economy. The state is recognized for its cutting-edge research and development institutions, such as The Ohio State University and the Cleveland Clinic. These institutions contribute to the advancement of various industries, including biomedical research, technology, and alternative energy sources. Ohio's workforce is highly skilled and represents one of its most valuable assets. The state offers numerous educational institutions, including renowned universities and community colleges, providing a well-educated and highly trainable labor pool. Additionally, several vocational and technical training programs are available, ensuring workers possess the necessary skills to support various industries. When considering the different types of Ohio Assessing the Support Activities in the Value Chain, three key categories can be identified: 1. Physical Infrastructure: This includes transportation networks, such as highways, railways, airports, and seaports, which facilitate the movement of goods and services within and outside the state. 2. Technological Infrastructure: This encompasses the research and development institutions, technology centers, and innovation hubs that foster technological advancements, collaborations, and breakthroughs across industries. 3. Human Resources: Ohio's workforce, comprising highly skilled individuals from various educational institutions, plays a crucial role in supporting the value chain. Skilled labor enables efficient production, logistics, and supply chain management within industries. In conclusion, Ohio possesses a robust support system that contributes to the success of businesses within the state. Its infrastructure, technological advancements, and highly skilled workforce play critical roles in enhancing the value chain across different industries. By comprehensively assessing and leveraging these support activities, Ohio can continue to foster economic growth and attract businesses from various sectors to thrive within its borders.
Ohio Assessing the Support Activities in the Value Chain
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Supporting activities are those actions taken by a nonprofit organization other than program services. Supporting activities typically include fundraising activities, management and general activities, and membership development activities.
The correct option is D) marketing and sales. Marketing and sales is a part of the primary value chain activities of the organization.
The five key (primary) activities that generate higher profits include inbound logistics, operations, outbound logistics, marketing and sales, and services.
Support activities are illustrated in a vertical column over all of the primary activities. These are procurement, human resources, technology development, and firm infrastructure. The generic value chain model visually represents all activities with equal weight.
Sales and service would be examples of supporting activities in Porter's value chain model. Accounting functions like accounts receivables would be an example of a supporting activity in Porter's value chain model.
To provide an accurate picture of the organization, the analysis must include support activities as well as primary production tasks. The value chain consists of the procurement and deployment of resources, overhead costs such as buildings and administration, and supply chain activities.
The value chain framework is made up of five primary activities -- inbound operations, operations, outbound logistics, marketing and sales, service -- and four secondary activities -- procurement and purchasing, human resource management, technological development and company infrastructure.
How to do a value chain analysisStep 1: Identify all value chain activities.Step 2: Calculate the cost of each value chain activity.Step 3: Identify customer perceptions of value.Step 4: Evaluate competitor value chains.Step 5: Identify potential competitive advantages.16-Apr-2020