Which of the following statements is true of the value chain?
A)The value chain ends when the customer buys a product.
B)The value chain includes primary and support activities used to produce a product.
C)The value chain's extended activities neither offer strategic opportunities nor risks.
D)The value chain does not involve the intermediaries that a company maintains.

Question

Quizplus · Accepted Answer

The value chain includes both primary (such as inbound logistics, operations, and outbound logistics) and support activities (such as procurement, technology development, and human resource management) used to create and deliver a product or service. It is a useful framework for analyzing a company's internal processes and identifying areas for improvement. The value chain can offer strategic opportunities or risks if a company can differentiate itself by performing certain activities better or more efficiently than its competitors. It may also involve intermediaries such as distributors, wholesalers, or retailers depending on the industry and business model.

Which of the Following Statements Is True of the Value