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What Are Support Activities in a Value Chain

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What are support activities in a value chain?


Definitions:

Price Elasticity

An assessment of the extent to which the demand or supply of a product shifts following a price adjustment.

Total Amount

The complete sum or quantity of something, often referring to money, goods, or services.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Supply Shift

A change in the quantity of a good or service that suppliers are willing and able to sell at a given price, due to factors other than price itself.

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