The value chain transforms intermediate goods into final goods.

Question

Quizplus · Accepted Answer

The value chain refers to the sequence of activities that a company uses to turn raw materials and components into finished products that customers can purchase. It includes everything from product design and procurement of raw materials, to manufacturing, distribution, and marketing. The goal of the value chain is to create maximum value for customers at every stage of the process, ultimately resulting in the production of final goods.

The Value Chain Transforms Intermediate Goods into Final Goods