Question $34(2$ points$)$

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What is a value chain?

A contractually coordinated supply chain in domestic or international markets.

A set of rules businesses use to calculate the value of several connecting parts of an organization.

The linkage of actions performed by suppliers, producers, and channel members to produce value $-$ for consumers $($or society$).$

A contractual arrangement that vertically integrates many businesses to form a business system.