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What is the main objective of the value chain and how can this objective be achieved?

What is the main objective of the value chain and how can this objective be achieved?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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What is the main objective of the value chain and how can this objective be achieved?

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Value Chain:

A value chain is a plan of action that depicts the full scope of exercises expected to make an item or service. For organizations that produce merchandise, a value chain includes the means that include carrying an item from origination to dispersion, and everything in the middle-like acquiring unrefined components, production capacities, and marketing exercises. 

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