An important component of the value chain concept is ________.
A) the inevitability of channel conflict
B) dependency of each channel member on one another
C) the need for independence among channel members
D) the need to minimize total channel costs

Question

Quizplus · Accepted Answer

The value chain concept emphasizes the interdependence of each channel member on one another to create and deliver value to the end customer. Therefore, choice B is the correct answer as it highlights this important component of the value chain concept. The other options, including the inevitability of channel conflict (A), the need for independence among channel members (C), and the need to minimize total channel costs (D), are not considered key components of the value chain concept.

An Important Component of the Value Chain Concept Is ________