Which of the following explains the 'Value Chain management'?
A) All stakeholders belonging to the same value chain are challenged to improve the (buying) company's value proposition to staff.
B) All stakeholders belonging to the same value chain are challenged to improve efficiency.
C) All stakeholders belonging to the same value chain are challenged to reduce costs.
D) All stakeholders belonging to the same value chain are challenged to improve the (buying) company's value proposition to its final end customers i.e. consumers.

Question

Which of the following explains the 'Value Chain management'? 
A) All stakeholders belonging to the same value chain are challenged to improve the (buying) company's value proposition to staff. 
B) All stakeholders belonging to the same value chain are challenged to improve efficiency. 
C) All stakeholders belonging to the same value chain are challenged to reduce costs. 
D) All stakeholders belonging to the same value chain are challenged to improve the (buying) company's value proposition to its final end customers i.e. consumers.

Quizplus · Accepted Answer

Value Chain management involves all stakeholders in the same value chain attempting to improve the buying company's value proposition to its final end customers, which are the consumers. This can be achieved through various means, including improving product quality, reducing lead times, and ensuring timely delivery. Ultimately, the aim is to increase customer satisfaction and loyalty, which can lead to increased sales and profits for the buying company.

Which of the Following Explains the 'Value Chain Management