Each activity in a value chain adds cost and value to the product or service delivered to the customer.

Name: Each activity in a value chain adds cost and value to the product or service delivered to the customer.
Brand: Quizplus
Rating: 4.9 (30 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Each activity in the value chain incurs a cost, but also adds value to the final product or service that is delivered to the customer. The goal of effective value chain management is to optimize the balance between cost and value at each stage of the process.

Each Activity in a Value Chain Adds Cost and Value