A Value Chain (Is)

question 44

Multiple Choice

A value chain (is)

• A) a group of activities that improve the effectiveness of a good or service.
• B) describes how a product moves through a distribution channel.
• C) a group of activities that improve the efficiency of a good or service.
• D) describes total amount of money spent on making a product.
• E) describes the transactions that occur between the vendor and the consumer.

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Definitions:

Cash Received

The total amount of money, including cash, checks, and electronic transfers, that is received by a business during a specified period.

Accounting

The information system that identifies, records, and communicates the economic events of an organization to interested users.

Revenue Account

An account that tracks the income generated from normal business operations, such as sales of goods or services.