what is the value chain, and what are its components,and why is each component important? does the short video clip demonstrate an attempt to increase or decrease value for customers? explain. will it cost the customers more to get thisvalue and if so, do you feel customers would be willing to pay for that? finally, consider your current place of employment or a place you have worked in the past . . . list a few of the activities, indicate whether each is value-added or non-value-added, and list brief suggestions about how the organization could improve using what you have learned about activity analysis through this assignment.

1. Identify all activities in making a product or providing a service.

2.Determine which activities are value-added and which are non-value-added as well as the time spent doing each.Value-Added Activities increase the worth of a product or service to the customer for which the customer is willing to pay. Non-Value-Added Activities increase the time spent on a product or service, but do not increase its worth or value to the customer.

3.Design ways to minimize or eliminate the most expensive non-value-added activities.

4.Design ways to improve value-added activities by comparing them to best practices (i.e. bench marking).

5.Increases in product or service quality and decreases in costs result.