A linked set of value-creating activities beginning with basic materials provided by suppliers and ending with distributors getting the final product into the hands of the ultimate consumer is called a(n)
A)value chain.
B)continuum of sustainability.
C)strategic capability.
D)fully integrated activity set.
E)a strategic group.

Question

Quizplus · Accepted Answer

A value chain is a series of interconnected activities that are required to produce a product or service, starting from raw materials and ending with the delivery of the final product to the end consumer. It encompasses all the value-adding activities within an organization, from sourcing raw materials and developing products or services to marketing, sales, and customer service. Therefore, option A is the correct answer. The other options do not accurately describe the concept of a value chain.

A Linked Set of Value-Creating Activities Beginning with Basic Materials