Which of the following statements is true of the value chain?
A)Understanding a customer's own value chain does not offer strategic advantages to a company.
B)As the extended value chain lengthens, responsibility for harmful consequences becomes more diffuse.
C)The value chain ends at product delivery and any extension to it has no bearing on strategic advantages.
D)A company's value chain is limited to the internal activities of the company and does not depend on external factors.

Question

Quizplus · Accepted Answer

As the extended value chain lengthens, responsibility for harmful consequences becomes more diffuse. This refers to the fact that as a company goes beyond its own value chain in terms of suppliers and partners, it becomes increasingly harder to trace the responsibility for any negative impacts or consequences on the environment or society resulting from the company's operations. Understanding this reality is crucial for companies to mitigate risks and maintain their social license to operate.

Which of the Following Statements Is True of the Value