An entity's internal value chain represents:
A) the link between all activities undertaken by an entity.
B) the production process.
C) the research and development process.
D) none of the above options.

Question

Quizplus · Accepted Answer

An entity's internal value chain includes all the activities that the entity undertakes, from acquiring raw materials to delivering finished goods or services to the customers. It involves every function in a company, including research and development, production, marketing, sales, and distribution. Therefore, option A is the correct answer. Option B and C represent only a part of the value chain and are therefore incorrect. Option D is incorrect because the question asks for the specific meaning of the internal value chain, which is a well-defined concept in business management.

An Entity's Internal Value Chain Represents