The value chain is the sequence of business functions in which:
A)value is deducted from the products or services of an organisation.
B)products and services are evaluated with respect to their value to the supply chain.
C)usefulness is added to the products or services of an organisation.
D)value is proportionately added to the products or services of an organisation.

Question

Quizplus · Accepted Answer

The value chain is a sequence of business functions in which usefulness is added to the products or services of an organization. This means that the organization adds value at each stage of the process, from the initial raw materials through to the final delivery of the product or service to the customer. The idea is to create a chain of activities that are focused on increasing the value of the product or service to the customer, while minimizing costs and maximizing efficiency.

The Value Chain Is the Sequence of Business Functions in Which