value chain

Definitions

Accounting

  • noun the sequence of activities a company carries out as it designs, produces, markets, delivers, and supports its product or service, each of which is thought of as adding value

Commerce

  • noun the pattern that people traditionally have in mind when considering their career prospects, which involves them identifying at each stage in their careers what the next, most obvious, upward move should be

Economics

  • The sequence of activities that a firm undertakes to create value, including the various steps of the supply chain but also additional activities, such as marketing, sales, and service. Term due to Porter (1990)and used by Krugman in slicing up the value chain.
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