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The value chain is a process that starts with the raw materials and ends with the finished product. The value chain includes all of the activities that are necessary to create and deliver a product or service. The value chain includes all of the activities that are necessary to create and deliver a product or service. The main difference between the value chain and the supply chain is that the value chain includes all of the activities that add value to the product or service, while the supply chain includes only the activities that are necessary to produce and deliver the product or service.

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