Which of the Following Is a Support Activity in the Value

question 79

Multiple Choice

Which of the following is a support activity in the value chain?

• A)receiving inputs to operationalize the production
• B)distributing the products to retailers or buyers directly
• C)assisting customers in using the product or service
• D)setting up contractual arrangements for procurement

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Definitions:

Rational Consumer

An individual who makes spending decisions to maximize their satisfaction or utility, based on their preferences and budget constraints.

Demand

The desire and ability of consumers to purchase goods and services at different prices, contributing to determining the market demand.

Utility Function

A mathematical representation of how a consumer's preferences over bundles of goods relate to their satisfaction or utility.

Consumption

The use of goods and services by households or individuals, which is a primary component of economic activity.