A value chain for an industry sets forth
A) the layers of management the needed to be successful
B) sequence of activities involved in the creation, manufacture and distribution of its products.
C) Sequence of activities involved in a firm's research and development activities.
D) Whether the industry is horizontally or vertically integrated.

Question

Quizplus · Accepted Answer

A value chain for an industry outlines the sequence of activities involved in creating, manufacturing, and distributing its products or services. It starts with the sourcing of raw materials and ends with the delivery of the finished product to the end customer. The value chain includes all the activities that add value to the product, from research and development to marketing and sales. It does not necessarily involve the layers of management, whether the industry is horizontally or vertically integrated, or the R&D activities of a firm.

A Value Chain for an Industry Sets Forth