Each stage of the value chain not only adds value to the product but also ________.
A) improves supplier relationships
B) accumulates costs
C) devalues the final product
D) attracts competitors

Question

Quizplus · Accepted Answer

Each stage of the value chain incurs costs such as labor, materials, and overhead expenses, which are passed on to the next stage and eventually to the final product. Therefore, each stage not only adds value but also accumulates costs. Choices A, C, and D are not necessarily true for every stage of the value chain.

Each Stage of the Value Chain Not Only Adds Value