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Chapter 3





                           The Value Chain




                             The Value Chain is a linked set of value creating activities starting from
                             basic raw material sources or component suppliers through to the
                             ultimate end-use  product or service delivered to the customer.
                                            Firm infrastructure

               Support activities        Human resource management


                                         Technology development







                                                Procurement                                    MARGIN

                     Inbound       Operations      Outbound       Marketing       Service
                     logistics                      logistics      and sales


                                            Primary activities




                  Illustrations and further practice



                  Now attempt example 2 'The Value Chain' from Chapter 3.


























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