A well-functioning value chain should involve

A) a series of consecutive steps that add value to inputs right up to the point that finished goods or services are delivered to the customer.
B) a series of steps done all at once and delivered as cheaply as possible.
C) a production manager to keep watch over the human resources people.
D) many levels of management.
E) many levels of performance measurement.

Value Chain

A model that outlines a series of activities that businesses perform in order to deliver a valuable product or service for the market.

Consecutive Steps

Refers to a sequence of steps or processes that follow one another in a direct and uninterrupted order.

Production Manager

A role responsible for overseeing the production process of a company, ensuring efficiency, quality control, and meeting production targets.