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Meaning of “value chain” in the English Dictionary

"value chain" in Business English

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value chainnoun [C]

uk   us   PRODUCTION, ECONOMICS
the ​series of ​stages involved in ​producing a ​product or ​service that is ​sold to ​consumers, with each ​stageadding to the ​value to the ​product or ​service: We want ​recycledmaterials to reenter the ​valuechain as ​rawmaterials.
the ​series of ​companies involved in the different ​stages of ​producing a ​product or ​service that is ​sold to ​consumers, with each ​stageadding to its ​value: China is ​pushing hard to ​move up the ​valuechain in ​manufacturing.
(Definition of value chain from the Cambridge Business English Dictionary © Cambridge University Press)
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“value chain” in Business English

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