In a Value Chain,service Involves

question 15

Multiple Choice

In a value chain,service involves:

• A) tasks associated with receiving, storing, and disseminating incoming goods.
• B) processing raw materials into finished goods.
• C) activities for identifying customer needs and generating sales.
• D) activities to support customers after the sale of products.

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Definitions:

Tariffs

Taxes imposed by a government on imported goods to protect domestic industries or to raise revenue.

Direct Welfare

Governmental assistance provided directly to individuals in the form of cash payments or services, aimed at improving the living conditions of the economically disadvantaged.

National Defense

The governmental actions, policies, and military measures taken to protect a country from external threats and ensure national security.

Trade Protection

Involves government policies and measures aimed at shielding domestic industries from foreign competition, using tools such as tariffs, quotas, and subsidies.