The __________ chain is the entire series of organizational work activities that add value at each step beginning with the processing of raw materials and ending with finished product in the hands of end users.
A) supply
B) value
C) transformation
D) profit
E) quality

Question

Quizplus · Accepted Answer

The description given in the question fits the definition of the value chain, which encompasses all the activities that contribute to the creation and delivery of a product or service to the end customer. The supply chain, on the other hand, focuses on the processes involved in sourcing raw materials and getting them to the manufacturing or production facility. Transformation chain is not a commonly used term in business management, while profit and quality are important aspects of business performance but do not reflect the entire series of work activities that make up the value chain.

The __________ Chain Is the Entire Series of Organizational Work