Value Added Refers To

question 178

Multiple Choice

Value added refers to:

• A)any increase in GDP which has been adjusted for adverse environmental effects.
• B)the excess of gross investment over net investment.
• C)the difference between the value of a firm's output and the value of the inputs it has purchased from others.
• D)the portion of any increase in GDP which is caused by inflation as opposed to an increase in real output.

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Definitions:

Trade Secret

Information that a company keeps confidential to maintain an advantage over competitors.

Public Plant Tour

An organized visit to a factory or industrial site that is open to the general public for educational or promotional purposes.

Trademark Dilution

The lessening of the distinctive quality of a trademark due to unauthorized use.

Customer Confusion

Uncertainty experienced by consumers, often due to similar branding or products, potentially leading to mistaken identity of businesses or items.