Question: Which statement best describes the difference between a supply chain and a value chain? A supply chain focuses on the suppliers involved in the production

Which statement best describes the difference between a supply chain and a value chain?

A supply chain focuses on the suppliers involved in the production process, while a value chain considers the value created, especially for end

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use customers.

A supply chain is concerned with the cost and efficiency of production, while a value chain emphasises the overall customer experience.

A supply chain includes the physical flow of goods and services, while a value chain includes both physical and intangible value creation for the company.

A supply chain is a linear process, while a value chain is a circular process that includes feedback loops for continuous improvement.

Which statement best describes the difference between a supply chain and

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