_____ is defined as the group of vertically aligned organizations that keep improving a product in moving from basic supplies to finished products for consumer and organizational end-users.
A) Value chain
B) Distribution strategy
C) Retail strategy
D) Digital channel

Question

_____ is defined as the group of vertically aligned organizations that keep improving a product in moving from basic supplies to finished products for consumer and organizational end-users.
A) Value chain
B) Distribution strategy
C) Retail strategy
D) Digital channel

Quizplus · Accepted Answer

The definition provided in the question closely matches the concept of a value chain. Value chain encompasses all the activities involved in bringing a product to market and delivering it to customers. It includes suppliers, manufacturers, distributors, retailers, and ultimately, the end-users. The purpose of a value chain is to maximize value creation while minimizing costs.

_____ Is Defined as the Group of Vertically Aligned Organizations