Principles of Information Systems (MindTap Course List)
Principles of Information Systems (MindTap Course List)
12th Edition
ISBN: 9781285867168
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
Expert Solution & Answer
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Chapter 2, Problem 1SAT
Program Description Answer

A “value chain” is a series of activities that an organization transforms the inputs into outputs to increase the number of inputs.

Hence, the correct answer is “value chain”.

Expert Solution & Answer
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Explanation of Solution

Value Chain:

  • Value chain is a high level model used for describing the business process that includes raw materials, processes and final products.
  • Various organizations or companies include value chain analysis to increase their efficiency.
  • Its goal is to produce more profit and final goods with minimum input.

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