The value chain is also called the supply chain.

Question

Quizplus · Accepted Answer

The value chain refers to the full range of activities that businesses go through to bring a product or service from conception to delivery to the consumer, focusing on adding value at each step. The supply chain, on the other hand, specifically deals with the production process and logistics of getting the product or service to the consumer, focusing on the flow of materials, information, and finances.

The Value Chain Is Also Called the Supply Chain