The supply chain is called the value chain because it is the sequence of activities that contributes to the creation and delivery of goods and services.

Question

Quizplus · Accepted Answer

The term "value chain" refers to the sequence of activities that a company performs to design, produce, market, deliver, and support its product, thereby adding value at each step from raw materials to the final product in the hands of consumers.

The Supply Chain Is Called the Value Chain Because It