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Chain |
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A high-level model of how businesses receive raw materials as input,
add value to the raw materials through various processes, and sell
finished products to customers
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Value-chain
analysis looks at every step a business goes through, from raw materials
to the eventual end-user. The goal is to deliver maximum value for
the least possible total cost.
Technology and the Internet is revolutionizing how firms are creating
and using value chains. |
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Dictionary
