A value chain consists of the major business functions that add value to the company's products and services.

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A value chain is a series of activities or processes that a company uses to create and add value to its products or services. These activities usually include research and development, design, production, marketing, sales, and customer support. Each function of the value chain has the potential to contribute to the overall value of the product or service, and the goal is to optimize the value created by each activity to maximize profitability and customer satisfaction.

A Value Chain Consists of the Major Business Functions That