• Value chain: the series of activities a company performs to achieve its goal(s) at various stages of the production process; each activity adds value to the company’s product or service, contributes to profit, and enhances competitive position in the market
• Value system: a set of value chains in an entire industry, including the value chains of tiers of suppliers, distribution channels, and customers
Kavungya answered the question on May 9, 2019 at 10:16
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