________ Is an Example of a Support Activity in Porter's

question 1

Multiple Choice

________ is an example of a support activity in Porter's value chain model.

• A) HR benefits management
• B) Production
• C) Raw materials acquisition
• D) Customer service
• E) Sales

Comprehend the composition and significance of Net Purchases.

Recognize the components and calculation of Net Sales.

Understand the process of preparing an income statement and the classification of revenues and expenses.

Distinguish between operating expenses and other types of expenses.

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Definitions:

Cheques

Physical, written instruments instructing a bank to pay a specific amount of money from the writer's account to the person or entity named on the cheque.

Debit Cards

Payment cards that deduct money directly from a consumer's checking account to pay for a purchase, contrasting with credit cards which provide a line of credit.

Concentration Account

A single centralized bank account designed to streamline cash management by consolidating funds from multiple accounts, often used by corporations to improve liquidity management.

Zero-Balance Account

A bank account that keeps a zero balance by instantly moving money from a primary account in the precise amount needed to settle any checks drawn on it.