A value chain is the sequence of business processes in which:
A) Costs are determined with activity-based principles
B) All non-value-added activities are eliminated
C) Value is added to a product or service
D) Managers determine prices

Question

Quizplus · Accepted Answer

A value chain refers to the series of activities that a company performs to add value to a product or service, from the initial raw materials to the final product or service delivered to the customer.

A Value Chain Is the Sequence of Business Processes in Which