Michael Porter's Value Chain Would Identify Which of the Following

question 102

Multiple Choice

Michael Porter's value chain would identify which of the following as a support activity?

• A) shipping out final products
• B) marketing products
• C) procurement
• D) servicing products
• E) operations

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Definitions:

Cash Flows

The total amount of money being transferred into and out of a business, particularly in relation to its operating, investing, and financing activities.

Net Income

The ultimate profit of a firm calculated by subtracting all outgoings and taxation from the gross revenue.

FIFO

"First In, First Out," an inventory valuation method where items produced or acquired first are sold, used, or disposed of first.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, and cost of goods sold is calculated at the end of an accounting period.