What Is a Value Chain

question 108

Multiple Choice

What is a value chain?

• A) The series of business processes, each of which adds value to products or services for your customers
• B) A set of products and services that have proved valuable and profitable for your business
• C) The information or feedback from customers that is then used to improve the quality of your products or services
• D) The series of business partners and team members that are directly responsible for producing and processing a set of products or services for your customers

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Definitions:

Symbolic Interaction

A sociological perspective that explores how individuals create meanings through their interactions with others, based on the use of symbols.

Biological Factors

Aspects of biology that influence or determine the physical and psychological characteristics of an organism, including genetics and physiology.

Social Factors

Elements within society that influence the ways in which individuals behave and interact, such as cultural norms, education, and family systems.

Ethical

Pertaining to morals, principles of right and wrong conduct, and the philosophy regarding what is morally right or wrong.