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What Occurs When Steps Are Added to the Value Chain

question 104

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What occurs when steps are added to the value chain as new players find ways to add value to the business process?


Definitions:

Post-Retirement Benefits

Benefits, besides pensions, that an employer provides to retirees, which could include health insurance, life insurance, and other perks.

Life Insurance

A financial product that provides a monetary payout to beneficiaries upon the death of the insured person.

Health Care

The maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of disease, illness, injury, and other physical and mental impairments in people.

Current Liability

A company's debts or obligations that are due to be paid to creditors within one year.

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