The value chain provides a useful framework for examining the areas where cost are incurred with in a business.the value chain is a set of linked procsses or activities that begins with acquiring resources and ends with providing goods and services that customers value (Langfield-smith et al,2015,p44)

Required

1) With reference to the above statement describe what is meant by value chain?

2) Explain how the value chain may be used to estimate costs?

3) Describe each segment of teh value chain and explain why information about costs in the various segments of the value chain can be useful to mangers?

4) Identify and explain the major purposes of value chain using examples from your selected annual report/annual rveiw of one of top 100 manufacturing cmpanies listed on ASX.