value chain
noun/ˈvæljuː tʃeɪn/
/ˈvæljuː tʃeɪn/
(business)- the process or activities by which a company adds value to a product, including production, marketing, etc.
- Every business needs to look very carefully at ways to optimize their value chain.
Want to learn more?
Find out which words work together and produce more natural sounding English with the Oxford Collocations Dictionary app.
Check pronunciation:
value chain