The Value Chain Concept Assumes That Both Primary and Support

question 77

True/False

The value chain concept assumes that both primary and support activities produce value for customers.

Understand the application of patient care techniques and preparation.

Learn the importance of effective communication and professionalism in healthcare.

Comprehend basic principles of pharmacology, emergency management, and first aid as applied in a clinical setting.

Recognize the significance of medical law, regulatory guidelines, ethics, and risk management in the practice of medical assisting.

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Definitions:

Credit Customer

A customer who purchases goods or services on credit, agreeing to pay at a later specified date.

Expense

Money spent or cost incurred in an entity's efforts to generate revenue.

Asset

Resources owned by a business or individual that have economic value or future benefit.

Liability Account

A liability account records the obligations or debts a company owes to others, such as loans, accounts payable, and mortgages.