Value Chain
Content
Definition
A Value Chain is a series of activities that businesses operate to deliver a valuable product or service to the market.
Usage and Context
A value chain includes the activities businesses use to deliver valuable products or services to the market.
Frequently asked questions
- What is a value chain in business? A value chain in business is the series of activities a company performs to deliver a valuable product or service to the market.
- What are the activities of the value chain? The activities of the value chain include inbound logistics, operations, outbound logistics, marketing, sales, and service.
- What is the best definition of value chain quizlet? The value chain is all the activities businesses do to bring a product or service from idea to market.
Benefits
A value chain outlines activities that create valuable products or services for the market.
Conclusion
A value chain outlines the activities that deliver valuable products or services to the market.
