1. Thinking about the used-car business in general, what are the key links of the value chain? What are the key stages in the process by which a used-car company acquires, refurbishes, markets and then sells a vehicle? 2. What is special about the value chain of an online seller like Carvana? Which links of its

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Please answer in detail with references
1. Thinking about the used-car business in
general, what are the key links of the value
chain? What are the key stages in the process
by which a used-car company acquires,
refurbishes, markets and then sells a vehicle?
2. What is special about the value chain of an
online seller like Carvana? Which links of its
value chain are different from those of a
conventional used-car seller? What are some
of the strategic implications?
3, In thinking about the value chain, why is
scale so essential to a company like Carvana?
Why is scale more important than to a
traditional used-car seller?
Transcribed Image Text:Please answer in detail with references 1. Thinking about the used-car business in general, what are the key links of the value chain? What are the key stages in the process by which a used-car company acquires, refurbishes, markets and then sells a vehicle? 2. What is special about the value chain of an online seller like Carvana? Which links of its value chain are different from those of a conventional used-car seller? What are some of the strategic implications? 3, In thinking about the value chain, why is scale so essential to a company like Carvana? Why is scale more important than to a traditional used-car seller?
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