Which of the Following Value Chain Activities Involves Inducing Buyers

question 71

Multiple Choice

Which of the following value chain activities involves inducing buyers to purchase a product and providing a means for them to do so?

• A)inbound logistics
• B)operations
• C)sales and marketing
• D)outbound logistics

---

Definitions:

Equivalent Units

Equivalent units are a concept in process costing that represents the amount of work done on a product in terms of fully completed units, used to allocate costs in manufacturing.

Production Cost

Production cost is the total expense incurred in the process of creating goods or services, including raw materials, labor, and overhead costs.

Conversion Costs

Refers to the combined costs of direct labor and manufacturing overheads that are incurred to convert raw materials into finished goods.

Manufacturing Costs

Costs that are directly associated with the manufacturing of products, including raw materials, workforce expenses, and indirect costs.