Explain the benchmarking and value chain analysis

Question

Explain the benchmarking and value chain analysis.

Answer 1

The combined costs of all of the different activities in a company’s value chain explain the company’s internal cost organization.

The tasks of benchmarking and value chain analysis are to build up the data for comparing a company’s activity by activity costs, in opposition to the costs of key reveals and to learn that internal activities are sources of cost benefit or drawback.