TrueBiz Corp.follows a system wherein all the activities of the company are directed toward converting parts of a product into an entire finished good.These activities are done in tandem so that a perfected product can be created which can be sold to a prospective customer.This is an example of a _____.
A)supplier chain
B)value chain
C)product line
D)pricing chain

Question

Quizplus · Accepted Answer

The description provided matches the concept of a value chain, which refers to the sequence of activities carried out by a company to bring a product or service to market, with each step adding value to the final output.