The set of activities that transforms raw resources into the goods and services end users purchase and consume is called the:
A) value chain.
B) supply chain.
C) demand chain.
D) cost-benefit analysis.

Question

Quizplus · Accepted Answer

The value chain refers to the full range of activities that businesses engage in to bring a product or service from conception to delivery to the end user, including the transformation of raw resources into finished goods and services.

The Set of Activities That Transforms Raw Resources into the Goods