A(n) __________ is a specific sequence of activities that transforms raw materials into a finished good or service.
A) transformational chain
B) value chain
C) materials requirement plan
D) distribution plan
E) activities system

Question

Quizplus · Accepted Answer

A value chain is a model that describes the full range of activities needed to create a product or service. For companies, this includes everything from the initial conception of a product, through its production, to its distribution to the end user. The concept emphasizes the value that is added at each step of the process.

A(n) __________ Is a Specific Sequence of Activities That Transforms