What is a value chain?
A) The series of business processes, each of which adds value to products or services for your customers
B) A set of products and services that have proved valuable and profitable for your business
C) The information or feedback from customers that is then used to improve the quality of your products or services
D) The series of business partners and team members that are directly responsible for producing and processing a set of products or services for your customers

Question

Quizplus · Accepted Answer

A value chain is the series of business processes, each of which adds value to products or services for your customers. It includes all the steps from the initial production of raw materials to the final delivery of finished products or services to customers. The value chain concept helps businesses identify opportunities for cost savings, process improvements, and overall efficiency gains.

What Is a Value Chain