A well-functioning value chain should involve:
A) a series of consecutive steps that add value to inputs right up to the point that finished goods or services are delivered to the customer.
B) a series of steps done all at once and delivered as cheaply as possible.
C) a production manager to keep watch over the human resource people.
D) a computer-integrated manufacturing system.
E) many levels of management.

Question

Quizplus · Accepted Answer

A well-functioning value chain involves a series of consecutive steps that add value to inputs until the finished goods or services are delivered to the customer, emphasizing the importance of each step in contributing to the overall value delivered to the customer.

A Well-Functioning Value Chain Should Involve