Definition
A Value Chain is a series of activities that businesses operate to deliver a valuable product or service to the market.
Usage and Context
A value chain includes the activities businesses use to deliver valuable products or services to the market.
Frequently asked questions
What is a value chain in business?
A value chain in business is the series of activities a company performs to deliver a valuable product or service to the market.
What are the activities of the value chain?
The activities of the value chain include inbound logistics, operations, outbound logistics, marketing, sales, and service.
What is the best definition of value chain quizlet?
The value chain is all the activities businesses do to bring a product or service from idea to market.
Related Software
SAP, Oracle
Benefits
A value chain outlines activities that create valuable products or services for the market.
Conclusion
A value chain outlines the activities that deliver valuable products or services to the market.
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