A company's value chain is best described as the ________.
A)variable sequence of converting product ideas into value for shareholders
B)mixture of activities taken to define product value standards and price points
C)discrete series of steps taken to move a product from conception to end-users
D)blueprint that must be followed to leverage the core capabilities of a global firm

Question

Quizplus · Accepted Answer

A company's value chain is a set of activities that involve the creation and delivery of a product from conception to end-users. These activities may include research and development, production, marketing, distribution, and customer service. The value chain adds value to the product and helps the company generate revenue and profits. The value chain is a sequential process with discrete steps, which distinguishes it from options A, B, and D.

A Company's Value Chain Is Best Described as the ________