Question $1$

$5$ pts

There is a difference between a supply chain and value chain. Which of the following statements best describes the difference between supply chains and value chains in the context of marketing?

Supply chains encompass the flow of products and services from the manufacturer to the end consumer, while value chains focus on creating value through primary and support activities to meet customer needs.

Supply chains refer to the integration of marketing, operations, and finance functions within a company, while value chains focus on managing relationships with suppliers and distributors.

Supply chains focus on the distribution of products and services to various market segments, while value chains concentrate on the pricing strategies and profit margins of the company.

Supply chains are concerned with the physical movement and logistics of goods, while value chains emphasize the promotional activities and brand positioning of a company.