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 the creation, manufacture, and distribution of its products. It starts with the raw materials and ends with the delivery of the finished product to the customer. The value chain helps companies identify areas where they can create value and competitive advantage.

A Value Chain for an Industry Sets Forth