Michael Porter's Value Chain Would Identify Which of the Following

question 64

Multiple Choice

Michael Porter's value chain would identify which of the following as a support activity?

• A) shipping out final products
• B) marketing products
• C) servicing products
• D) procurement
• E) operations

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Definitions:

Equipment

Physical assets used in the operation of a business to produce goods or services.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Weekly Salaries

A compensation structure where employees are paid a set amount on a weekly basis, regardless of the hours worked.

Adjusting Entry

A journal entry made at the end of the accounting period to allocate income and expenditure to the correct period.