Question: QUESTION ( i ) ANSWER The value chain model describes the series or chain of basic activities that add a margin of value to a
QUESTION i
ANSWER
The value chain model describes the series or chain of basic activities that add a margin of value to a firm's products or services. Some activities are directly related to an organizations manufacturing process, while other activities are related to an organization's infrastructure.
Inbound logistics receiving and storing materials for distribution to production operations transforming inputs into finished products outbound logistics storing and distributing finished products sales and marketing, and service are support activities secondary activities primary activities all switching costs
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