A Value Chain Is

question 5

Multiple Choice

A value chain is:

• A) A piece of jewelry
• B) An expensive chain
• C) List of the steps in the movement of any product or service to end user
• D) Letters circulated to important friends.

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Definitions:

Free Riders

Individuals or entities that benefit from resources, goods, or services without paying for them or contributing to their provision.

Externalities

Side effects or consequences of an industrial or commercial activity that affect other parties without this being reflected in market prices.

Consumers

Individuals or groups that purchase goods or services for personal use and are the end-users in the supply chain.

Charitable Goods

Items donated to or produced by charitable organizations for the purpose of supporting their missions, often distributed to those in need or sold to raise funds.