Which of the Following Primary Value Chain Activities Induce Buyers

question 50

Multiple Choice

Which of the following primary value chain activities induce buyers to purchase a product and provide a means for them to do so?

• A) inbound logistics
• B) sales and marketing
• C) outbound logistics
• D) operations/management

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Definitions:

Price Decreases

Reductions in the cost of goods or services, often leading to increased demand.

Normal Goods

Goods for which demand increases as the income of individuals increases, indicating a positive relationship between income and demand.

Equilibrium Price

This is the price at which the quantity of goods supplied matches the quantity of goods demanded, resulting in market equilibrium.

Demand Curve

A graph depicting the relationship between the price of a good and the quantity demanded by consumers at those prices.