The value chain refers to how efficiently a firm manages its production process

Name: The value chain refers to how efficiently a firm manages its production process
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

The value chain refers to the full range of activities that businesses go through to bring a product or service from conception to delivery and beyond to the customer. It's not limited to the efficiency of the production process but includes all aspects such as design, production, marketing, and after-sales services.

The Value Chain Refers to How Efficiently a Firm Manages