What term describes all business processes associated with providing a product or service? the supply chain the product chain the value chain the manufacturing chain

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The value chain describes all business processes associated with providing a product or service.

What Is a Value Chain?

A value chain is a business model that describes the full range of activities needed to create a product or service. For companies that produce goods, a value chain comprises the steps that involve bringing a product from conception to distribution, and everything in between—such as procuring raw materials, manufacturing functions, and marketing activities.

A company conducts a value-chain analysis by evaluating the detailed procedures involved in each step of its business. The purpose of a value-chain analysis is to increase production efficiency so that a company can deliver maximum value for the least possible cost.

Therefore, we can conclude that the correct option is C.

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