The set of processes that convert inputs into services and products that consumers use is called
A)a core competency.
B)an operational plan.
C)the value chain.
D)the product life cycle.

Question

Quizplus · Accepted Answer

The value chain is the set of processes that convert inputs into services and products that consumers use. It includes primary activities such as inbound logistics, operations, outbound logistics, marketing and sales, and service, as well as support activities such as procurement, technology development, human resource management, and firm infrastructure. The other options are not as comprehensive or accurate in describing this concept.

The Set of Processes That Convert Inputs into Services and Products