Before You Start Creating Scenarios, You Can Name the ____

question 104

Multiple Choice

Before you start creating scenarios, you can name the ____ cells you plan to use in the scenario.

• A) input
• B) result
• C) both a and b
• D) neither a nor b

---

Definitions:

Value Added

The enhancement a company gives its product or service before offering the product to customers, essentially the difference between the cost of inputs and the value or price of outputs.

Raw Materials

The basic materials from which products are made, typically extracted natural resources or agricultural products.

Circular Flow Model

An economic model depicting how money moves through the economy between producers and consumers.

Resource Market

A market where resources or inputs needed for production, such as labor, capital, and raw materials, are bought and sold.