A commodity chain is a series of links connecting the many places of production and distribution, resulting in a final product that is then sold to consumers.
Imagine a relay race where each runner represents a different stage of production. The baton (or commodity) passes from one runner to another until it reaches the finish line, which represents the consumer.
Globalization: The process by which businesses or other organizations develop international influence or start operating on an international scale.
Supply Chain: A network between a company and its suppliers to produce and distribute a specific product to the final buyer.
Value-Added: The amount by which the value of an article is increased at each stage of its production, exclusive of initial costs.
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