Asked by
Angela Jackson
on Nov 13, 2024
Verified
What term describes all business processes associated with providing a product or service?
A) The manufacturing chain
B) The product chain
C) The supply chain
D) The value chain
Supply Chain
The Supply Chain encompasses all the steps involved in producing and delivering a product or service, from the raw material stages to the final customer delivery.
Value Chain
A series of activities undertaken by a company to deliver a valuable product or service to the market, focusing on adding value at each step.
Manufacturing Chain
The sequence of processes involved in the production and distribution of a commodity.
- Understand the concepts and terms related to the supply chain and the value chain in business processes.
Verified Answer
LT
Learning Objectives
- Understand the concepts and terms related to the supply chain and the value chain in business processes.