Question: The term value chain refers to the idea that a company is: a . one of a series of units that comprise an industry segment.

The term value chain refers to the idea that a company is:
a. one of a series of units that comprise an industry segment.
b. the producer of a series of customer-valued products that are linked together.
c. a chain of functional activities that transform inputs into products.
d. one of a series of economic functions.
Which of the following is true about rareness and advanced factors of production?

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