An organization's value chain refers to:
A) the process of using cost information to manage the activities of the organization.
B) the sequence of functions and related activities that add value for the customer.
C) the process of collecting and recording valuable information in the accounting information system.
D) None of these.

Question

Quizplus · Accepted Answer

The value chain is a concept that describes the full range of activities that businesses engage in to bring a product or service from conception to delivery, adding value at each step for the customer.

An Organization's Value Chain Refers To