Which of the Following Is Not a Primary Activity in the Value

question 65

Multiple Choice

Which of the following is not a primary activity in the value chain?

• A)The physical creation of the product
• B)Technological development
• C)After- sales services
• D)Logistical activities including marketing

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Definitions:

Preferences

Indications of the choices or selections made by individuals or groups based on tastes, likes, or desires, often influencing decision-making.

Condorcet Voting Paradox

A situation in social choice theory where collective preferences can be cyclic (i.e., not transitive), even if the individual preferences of voters are not.

Transitivity

In decision theory, the principle that if preference A is greater than B, and B is greater than C, then A is greater than C.

Arrow's Impossibility Theorem

A theorem that demonstrates the impossibility of devising a social welfare function that satisfies all of a specified set of reasonable conditions simultaneously.