A flow of processes in which a product gains value.
A)Consumer chain
B)Product chain
C)Supply chain
D)Value chain

Question

Quizplus · Accepted Answer

The value chain is a process in which a product gains value through various activities such as design, production, marketing, sales, and service. The value chain is responsible for the delivery of the final product to the end customer, and it helps in improving the profitability of the business by reducing costs, increasing efficiency, and enhancing customer satisfaction. The other choices (A, B, and C) do not accurately describe the flow of processes in which a product gains value.

A Flow of Processes in Which a Product Gains Value