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A "value Chain" is a way a business adds value for his customers by processing inputs into Products or Services.
Input --> Business Processes --> Product or Service--> Customer Value.
IS ABOVE STATEMENT TRUE?
1. True
2. Partially True
3. False
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Option2 is the right answer. Its scope is wider.
This statement is partially true as value chain is series of those activities that create value to the business these may or may not be adding value to customers.
1. True is the Correct answer...........................
2. Not necessary, I would assume you need factor in the relationship of macro environment within the value chain.
YES. the above statement is right
2. Partially True...................
A value chain is the whole series of activities that create and build value at every step of business process. In other words is the full range of activities including design, production, marketing and distribution businesses go through to bring a product or service from conception to delivery.
It encompass a lot of activities which are sometimes grouped into primary and secondary activities. Your illustration have some hence partially true.
The answer of the question is......1. true.
Partially True.................. many other obligations can be added.
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