The value chain is a linked set of value-creating activities leading from
A)supplier to marketing.
B)research and development to distribution.
C)design to customer service.
D)raw material sources to the ultimate end use of the goods or services produced.

Question

Quizplus · Accepted Answer

The value chain encompasses all activities from the initial raw material sources to the final end use of the goods or services produced. It includes activities such as production, marketing, distribution, research and development, design, and customer service. Therefore, option D is the best choice as it describes the complete value creation process.

The Value Chain Is a Linked Set of Value-Creating Activities