Which of the following statements is true of a value chain?
A)It is a process of analyzing the corporate social responsibilities of a company.
B)It is a process of enhancing value by eliminating quality checks in a company.
C)It is a method of analyzing the feedback a company receives from its clients.
D)It is a method of depicting and evaluating the activities performed by a company.

Question

Quizplus · Accepted Answer

A value chain is a process or set of activities through which raw materials are transformed into final products or services. The activities are depicted in a sequential manner, and the value created at each step is evaluated. By analyzing the value chain, a company can identify opportunities for cost savings, process improvements, and value-added activities, among others. Therefore, option D is the correct statement.

Which of the Following Statements Is True of a Value