________ refers to the sequence of value-adding activities performed by the firm in the course of developing, producing, marketing, and servicing a product.
A)A value chain
B)A supply chain
C)Value gap
D)Value migration

Question

Quizplus · Accepted Answer

A value chain refers to the sequence of value-adding activities performed by the firm in the course of developing, producing, marketing, and servicing a product. On the other hand, a supply chain involves all activities, individuals, and organizations involved in the creation and delivery of a product, from the raw materials to the final product. Value gap refers to the discrepancy between the perceived value of a product or service and its actual value, while value migration refers to the shift in value creation from one part of the industry to another.

________ Refers to the Sequence of Value-Adding Activities Performed by the Firm