verðkeðjunni
Verðkeðjan, also known as the value chain, is a concept used in economics and business to describe the series of activities and processes that transform inputs into outputs, ultimately creating value for the end consumer. It is a sequential arrangement of activities that are necessary to bring a product or service to market. The value chain concept was popularized by Michael Porter in his 1985 book "Competitive Advantage: Creating and Sustaining Superior Performance."
The value chain consists of two main components: primary activities and support activities. Primary activities are
Each activity in the value chain can be analyzed to determine its cost and value contribution. By
The value chain is not static; it can evolve over time as new technologies, market conditions, and