A principle of the value chain is that every firm is a synthesis of activities performed to design, produce, market, deliver, and support its product.

Question

Quizplus · Accepted Answer

This is correct, as the value chain concept emphasizes that a company is made up of a series of interdependent activities that contribute to the overall value of the product or service offered. These activities include research and development, production, marketing and sales, logistics, and customer service.

A Principle of the Value Chain Is That Every Firm