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- Dictionaryvalue chain
noun
- 1. the process or activities by which a company adds value to an article, including production, marketing, and the provision of after-sales service.
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- Value chain
Functions of a company affecting its costs and quality and give it a competitive advantage
A value chain is a progression of activities that a business or firm performs in order to deliver goods and services of value to an end customer. The concept comes from the field of business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance. Wikipedia
