The whole sequence of activities that add value to a company's products and services is called:
A)the value chain.
B)the planning process.
C)TQM production chain.
D)enterprise resource planning (ERP).

Question

Quizplus · Accepted Answer

The value chain is a sequence of activities that includes everything from the procurement of raw materials to the final delivery of finished products or services to customers. It is a critical concept in business management, as it helps companies identify opportunities to add value and improve efficiency in their operations. The planning process, TQM production chain, and ERP are all important components of a company's overall business strategy, but they are not synonymous with the concept of a value chain.

The Whole Sequence of Activities That Add Value to a Company's