Examlex
When evaluating the value chain, all of the following are included in the primary value activities except ________.
Gross Profit
The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core activities.
Operating Expenses
Costs incurred during the normal course of business operations, excluding the cost of goods sold.
Income from Operations
Earnings generated from a company's regular, core business activities before interest and taxes.
Gross Profit Percentage
A financial metric expressing the gross profit as a percentage of net sales, showing the efficiency of a company in making and selling its products.
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