Which statement about the inputs and outputs of the value chain activities is CORRECT?
Which statement about the inputs and outputs of the value chain activities is CORRECT?
Each value chain activity receives inputs and provides outputs. This is because a value chain is designed to transform inputs into outputs through a series of activities, each of which adds value to the overall process. These activities are interconnected, meaning that the output of one activity often becomes the input for another. This continuous transformation and flow of inputs and outputs is fundamental to the concept of a value chain.
Key message: These activities represent the steps an organization takes in the creation of value. Each activity transforms inputs into outputs. These inputs can be demand from outside the value chain or outputs of other activities. All the activities are interconnected, with each activity receiving and providing triggers for further action.