The Value Chain Is a Chain of Horizontal Activities Used

question 34

True/False

The value chain is a chain of horizontal activities used in the production of goods and services that may or may not add value.

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Definitions:

Contract Clause

A provision in the U.S. Constitution that prohibits states from passing any law that impairs the obligation of contracts, aiming to protect contractual agreements from state interference.

Minimum Wage Law

Legislation establishing the lowest hourly wage that employers can legally pay their workers.

Unconstitutional

Something that does not conform to the principles or rules set out in a country's constitution, rendering it invalid or unenforceable.

Kelo v. City of New London

A U.S. Supreme Court case deciding on the use of eminent domain to transfer land from one private owner to another to further economic development.