A value chain is a network of activities that improve the effectiveness of a good or service.

Question

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A value chain consists of a series of activities that add value to a product or service, from the initial development stage to the final delivery to the customer. It includes all the processes, technologies, and relationships involved in creating and delivering a product or service that meets a customer's needs or wants. By improving the efficiency and effectiveness of each activity in the value chain, companies can reduce costs, increase quality, and enhance customer satisfaction.

A Value Chain Is a Network of Activities That Improve