Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “global value chain”

global value chain

noun [C]
 
 
MARKETING, PRODUCTION
the different processes in different parts of the world that each add value to the goods or services being produced: By joining a global value chain, small enterprises have the ability to transform their business into an international operation offering greater opportunities.
(Definition of global value chain from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of global value chain?
Add Cambridge dictionaries to your browser to your website

Word of the Day

make believe

believing or imagining things that appear to be attractive or exciting, but are not real

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

showrooming noun

February 23, 2015
the activity of examining a product in a physical store and then making the purchase with an online retailer Amazon’s new smartphone is specifically designed to make showrooming fast and easy.

Read More