The whole sequence of activities that add value to a company's products and services is called ________.
A)the value chain
B)the planning process
C)TQM production chain
D)enterprise resource planning

Question

Quizplus · Accepted Answer

The term "value chain" refers to the sequence of activities that a company engages in to deliver a product or service that is valuable to its customers. This includes everything from research and development, to procurement, to production, to marketing and sales, and to customer service and support. By optimizing each of these activities, a company can improve its overall value proposition and competitive position in the marketplace.

The Whole Sequence of Activities That Add Value to a Company's