Cryptocurrency Q&A
What are the 5 value chains?
What are the 5 value chains?
Tommaso
Sun Oct 20 2024
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6 answers
999
I'm trying to understand the concept of value chains and specifically want to know what the five value chains are. Could you please enumerate and explain each of them briefly?
6 answers
GalaxyGlider
Tue Oct 22 2024
The first primary activity is inbound operations, which refers to the processes involved in receiving raw materials, components, or other inputs necessary for production. This stage is crucial as it sets the foundation for the subsequent activities in the value chain.
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Rosalia
Tue Oct 22 2024
The second primary activity is operations, where the raw materials are transformed into finished products or services. This stage involves various production processes, including manufacturing, assembly, and testing, among others.
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CharmedVoyager
Tue Oct 22 2024
Outbound logistics, the third primary activity, focuses on the distribution of finished products to customers. It encompasses activities such as warehousing, transportation, and delivery, ensuring that products reach customers efficiently and on time.
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Tommaso
Tue Oct 22 2024
The value chain framework is a comprehensive model that outlines the key activities involved in creating and delivering value to customers. It comprises five primary activities, each of which plays a crucial role in the overall process.
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CherryBlossomDancing
Tue Oct 22 2024
Marketing and sales, the fourth primary activity, involve promoting and selling products or services to customers. This stage is essential for creating awareness, generating leads, and ultimately converting them into paying customers.
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