A perspective in which business is seen as a chain of activities that transforms inputs into outputs that customers value is called:
A) Value chain
B) Value chain analysis
C) Resource-base
D) Process division

Question

Quizplus · Accepted Answer

The perspective described in the question is known as the value chain, as it focuses on the activities that add value to the final product or service in the eyes of the customer. Value chain analysis is a related concept that involves examining each activity in the value chain to identify ways to optimize efficiency and add more value. Resource-based and process division perspectives are different frameworks for analyzing business operations.

A Perspective in Which Business Is Seen as a Chain