The linked set of activities that increases the usefulness (or value)of the products or services of an organization is the
A)direct chain.
B)indirect chain.
C)value chain.
D)variable chain.

Question

Quizplus · Accepted Answer

The set of activities that increase the usefulness or value of a product or service is known as the value chain. This chain includes a variety of activities, ranging from procurement to inbound logistics, operations, outbound logistics, marketing and sales, and after-sales service. By optimizing these activities, a company can create more value for its customers and increase its profitability. The other answer choices, such as direct chain, indirect chain, and variable chain, are not commonly used terms related to this concept.

The Linked Set of Activities That Increases the Usefulness (Or