Question

A __________ is a network of facilities and processes that describes the flow of materials, finished goods, services, information, and financial transactions from suppliers, through the facilities and processes that create goods and services, and those that deliver them to the customer.

a. value chainb. product life cyclec. business cycled. product-process matrix

Answer 1

The correct answer is A

Step-by-step explanation:

Value chain is the term which is defined as the functional activities of the company that add values to its end customers. It comprise of the primary and the support activities, all of which adding value to the services or the products provided through the business.

So, the value chain is the network that facilities as well as processes the flow of information, services, financial transactions, finished goods and materials from suppliers and creating goods and services, deliver them to the end customers.