Answered: Explain the Value Chain and also…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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2. Explain the Value Chain and also explain how Information Technology plays an important role in the Value Chain.

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A value chain is a plan of action that portrays the full scope of exercises expected to make an item or administration. For organizations that produce merchandise, a worth chain includes the means that include carrying an item from origination to appropriation, and everything in the middle of, for example, getting crude materials, fabricating capacities, and advertising exercises.

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