Each stage of the generic value chain accumulates costs and adds value to the product. The net result of this process is the total margin of the chain.

Question

Quizplus · Accepted Answer

Each stage in the value chain adds value to the product, which results in the total margin of the chain. However, each stage also incurs costs, which are also accumulated throughout the chain. Therefore, the statement is true.

Each Stage of the Generic Value Chain Accumulates Costs and Adds