The ________ Is the Group of Companies and Stream of Activities

question 29

Short Answer

The ________ is the group of companies and stream of activities that work together to create a product.
value chain
supply chain
service channel
distribution chain
supply network

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Definitions:

Marginal Returns

The additional output gained from increasing one unit of an input while keeping other inputs constant.

Output

The total amount of goods or services produced by a firm or country within a specific period.

Marginal Rate

The rate at which one variable changes with respect to a small change in another variable, often used in the context of taxation.

Technical Substitution

The process of replacing one combination of inputs or technologies with another to produce the same level of output.