Question: What is meant by value chain? It is a process of identifying the flow of resources and indicating whether a business is feasible or not

What is meant by value chain? It is a process of identifying the flow of resources and indicating whether a business is feasible or not It is a process of distinguishing a product or service from others, to make it more attractive to a particular target market A systematic way of analysing each and every activity a firm performs and ascertaining its differentiation ability as well as profitability A value costing exercise where value of each activity of an organization is identified and optimized None of the above

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