From Longman Business Dictionaryvalue chainˈvalue chainMARKETINGMANUFACTURING1how each department in a company adds to the value of the goods or services producedWe need to be aware of the complete value chain for the company’s products and how investment will improve each part.2how each company in a group of companies who are all involved in producing a particular product or service adds to its value → see also daisy chain → chain
