Question

A value chain is a set of: a. similarly profitable firms competing against each other in any given industry. b. large firms that are vertically integrated. c. activities through which a product or service is created and delivered to customers. d. a large number of small firms that dominate a given market. e. robotically controlled conveyor belts that deliver product quickly from manufacturing stations to shipping containers.

Answer 1

Answer:

C. Activities through which a product or service is created and delivered to customers.

Explanation:

A value chain is a set of activities that a firm working in a particular industry performs so as to convey an important item (i.e., good as well as service) for the market.