What Is a Value Chain? Define Value Chain Management and List

question 8

Essay

What is a value chain? Define value chain management and list the various functions along the value chain.

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Definitions:

Net Income

The net income a company earns once all costs and taxes are subtracted from its total revenues.

Consolidated Gain

The total profit achieved by a group of consolidated entities or a parent company and its subsidiaries, usually reported in consolidated financial statements.

Equipment

Machinery, tools, or other items that are necessary for the production of goods or services.

Equity Method

An accounting technique used to record investments in other companies where the investor has significant influence but does not have full control.