The network of activities that improve the effectiveness of a good or service is called
A)a value chain.
B)a value web.
C)a supplier network.
D)a supply chain.
E)competitive strategies.

Question

Quizplus · Accepted Answer

The term "value chain" refers to the network of activities that are involved in creating a product or service, from its conception to its delivery to the end customer. It includes all activities such as design, production, marketing, distribution, and customer service. Value chain analysis helps businesses understand how to optimize these activities to create the most value for customers while minimizing costs. Value web and supplier network are related concepts, but they do not encompass the entire network of activities involved in creating a product or service. Supply chain is a narrower term that refers specifically to the network of suppliers and logistics activities involved in getting raw materials and components to the manufacturer. Competitive strategies are broader concepts that involve a range of activities and tactics used by businesses to gain an advantage over their competitors.

The Network of Activities That Improve the Effectiveness of a Good