The sequence of activities that add value to the organization are:
A) the value processes.
B) the chain of production events.
C) the value chain.
D)the strategic cost initiatives.

Question

Quizplus · Accepted Answer

The term "value chain" refers to a sequence of activities or processes that an organization performs to deliver a valuable product or service to its customers. These activities can include product design, production processes, marketing, sales, distribution, customer service, and more. By analyzing and optimizing this value chain, organizations can improve their efficiency, reduce costs, and increase customer satisfaction. Therefore, the best choice is C- the value chain.

The Sequence of Activities That Add Value to the Organization