A ________ is defined as a network of value-creating activities.
A) value network
B) value pyramid
C) value chain
D) value system

Question

Quizplus · Accepted Answer

A value chain is a set of interconnected activities that add value to a product or service. It begins with raw materials and ends with delivering the product or service to the final customer. The value chain consists of primary activities (such as inbound logistics, operations, outbound logistics, marketing/sales, and service) and support activities (such as procurement, technology development, human resource management, and infrastructure). Together, these activities make up the value chain, and they are designed to create a competitive advantage for the company. Therefore, the most appropriate answer is C (value chain).

A ________ Is Defined as a Network of Value-Creating Activities