The set of linked activities and resources needed to create and deliver a product or service to the customer is referred to as:
A)The budget.
B)The value chain.
C)The operating cycle.
D)The production process.

Question

Quizplus · Accepted Answer

The value chain refers to the set of activities and resources required to create and deliver a product or service to the customer. It includes activities such as procurement, production, marketing, sales, and customer service. The value chain is an important concept for businesses to understand, as it can help identify areas of potential cost savings or efficiency improvements. The other options, such as the budget, operating cycle, and production process, are all important components of the value chain, but each one represents only a part of the overall process.

The Set of Linked Activities and Resources Needed to Create