The term "value chain" refers to the idea that a company is a chain of functional activities that transforms inputs into an output of goods or services that customers value.

Question

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A company's value chain is the coordinated series or sequence of functional activities necessary to transform inputs such as new product concepts,raw materials,component parts,or professional skills into the finished goods or services customers value and want to buy.

The Term "Value Chain" Refers to the Idea That a Company