A value chain analysis views a business as a set of activities (processes). they are divided into primary activities and support activities. True/false

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14-09-2022
Business

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A value chain analysis views a business as a set of activities (processes). they are divided into primary activities and support activities. True/false

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-09-22T09:55:36+02:00

The answer is true. A value chain is a notion that describes the entire chain of a company's actions in the creation of a product or service, from material receipt through delivery to market, and everything in between. A value chain is a notion that describes the entire chain of a company's actions.

The creation of a product or service, from material receipt through delivery to market, and everything in between. The value chain improves business efficiency so that customers can receive the most value-added product at the lowest feasible cost. The ultimate purpose of value chain management is to give the organization a competitive edge by boosting overall margins.

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