The network of activities that improve the effectiveness of a good or service is called
A) a value chain.
B) a supplier network.
C) competitive strategies.
D) a supply chain.
E) a value web.

Question

Quizplus · Accepted Answer

A value chain is a set of activities that a firm operating in a specific industry performs to deliver a valuable product or service to the market. It includes activities such as design, production, marketing, sales, and after-sales service. The purpose of the value chain is to increase efficiency and create a competitive advantage by reducing the costs, adding value, and improving the overall performance of the product or service.

The Network of Activities That Improve the Effectiveness of a Good