A value chain is the sequence of activities that flow from raw materials to the delivery of a good or service,with additional value created at each step.

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A value chain is the sequence of activities that flow from raw materials to the delivery of a good or service,with additional value created at each step.A generic value chain is illustrated in Figure 9.3.Each step in the chain adds value to the product or service.

A Value Chain Is the Sequence of Activities That Flow