Question

A list of the activities required to provide products to customers is called a value chain. This statement is?

1) True
2) False

Answer 1

The statement is True. A value chain is a list of activities that a company goes through to create and deliver a product or service to its customers.

Step-by-step explanation:

The statement is True.A value chain is a list of activities that a company goes through to create and deliver a product or service to its customers. It includes all the steps involved in the production, marketing, and distribution of a product. By understanding and managing the value chain, businesses can identify areas of improvement and create value for their customers.

For example, in the case of producing an iPhone, various activities such as designing, engineering, sourcing parts, assembly, and marketing are involved. Each of these activities adds value to the final product and contributes to the overall value chain.