Explain primary activity in value chain. Give example for each activity.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Please elaborate as much as you can .Subject Global Strategic Management

Company needs to know its resources and capability in order to know it strengths and weaknesses. To stay competitive, a company should always review its value chain. A value chain describes the process by which businesses receive raw materials, add value to the raw materials through various processes to create a finished product, and then sell the end products to customers.

Explain primary activity in value chain. Give example for each activity.

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