Which of these statements concerning the value chain is correct?
A) the value chain and the supply chain are different names for the same thing
B) the value chain essentially internalised an organisations' thinking
C) the value chain provides a sound foundation for exploring other initiatives such as activity based costing
D) all of the statements are correct
Essay/Matching

Question

Quizplus · Accepted Answer

The value chain is a series of activities from which an organization creates value for its customers. Exploring other initiatives such as activity based costing can be built on the foundation of the value chain.

Answer: D 
 None of the statements are incorrect. However, statement A is definitely incorrect as supply chain and value chain are two different concepts. Statement B is a bit incomplete as the value chain internalises an organisation's thinking about how it adds value, not necessarily about everything.

Which of These Statements Concerning the Value Chain Is Correct