Which of the following statements is true of a value chain
A) The pre- and postservice framework of a value chain emphasizes that service is a critical component of traditional manufacturing processes.
B) The input-output framework of a value chain suggests that the value chain begins with inputs from customers.
C) A value chain solely focuses on the operations function of an organization.
D) A value chain is narrower in scope than a supply chain.

Question

Quizplus · Accepted Answer

A value chain includes both preservice and postservice activities, which highlights the importance of service in the traditional manufacturing process. Option B is incorrect because the value chain begins with inputs from suppliers rather than from customers. Option C is incorrect as a value chain typically includes all the functions within an organization. Option D is incorrect as a supply chain is a type of value chain that is broader in scope as it includes all the companies involved in the entire process of bringing a product or service to the market.

Which of the Following Statements Is True of a Value