The entire range of activities and services necessary to bring a product or service from conception to sale in its final markets (whether local, national, regional, or global) are referred to as value chains. Value chains can be broken down into four categories: local, national, regional, and global. The components that comprise a dynamic market system, including input suppliers, producers, processors, and purchasers, as well as the support services and enabling environments, are all considered to be part of value chains.

You’ll finish this course with an understanding of the concepts and procedures involved in value chains.