A value chain involves a sequence of value-creating activities within an organization.

Question

Quizplus · Accepted Answer

A value chain is a concept developed by Michael Porter that describes a series of activities that a company undertakes to create and deliver a valuable product or service to its customers. The activities include research and development, production, marketing and sales, and customer service. Each activity adds value to the product or service, and the overall value chain includes all of the activities involved in creating and delivering the final product or service to the customer.

A Value Chain Involves a Sequence of Value-Creating Activities Within