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Post a RequestValue Chain Definition
value chain – n : the series of steps by which
value is created for a given product or service. For instance, value chain may
include “value-added stages” such as original invention, product design and development,
manufacturing/production, branding/marketing, distribution and sales, warranty
service, and after-market service. When planning a new business, it is useful
to understand and carefully analyze the value chain for your product or
service, in order to thoroughly understand the types of companies or “players”
who serve each function or “link” in the chain, and how much each link or
function in the chain gets paid and by whom. (see also: margin structure)
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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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