A value chain consists of both tangible and intangible product and service offerings.

Question

Quizplus · Accepted Answer

A value chain involves a range of activities and offerings that contribute to the creation and delivery of a product or service, including both tangible (physical goods) and intangible (services or experiences) components. Examples of tangible offerings within a value chain might include raw materials, manufacturing equipment, and finished products, while intangible offerings might include customer service, brand reputation, and marketing efforts.

A Value Chain Consists of Both Tangible and Intangible Product