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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Describe the primary and supporting activities involved in an organization’s value chain. Explain the importance of having an effective value chain.

Summary Introduction

To explain: The primary and secondary functions of an organization’s value chain and the significance of having an effective value chain.

Value chain:

A value chain is a model developed by an organization to receive the raw materials, adding value by combing the raw materials and creating a tangible product and delivering the product to the customers.

Explanation

The primary and secondary functions of an organization’s value chain and the significance of having an effective value chain:

Primary activities:

The activities that are directly associated with marketing, selling, production and delivering the goods and various services to consumers...

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