In the Value Chain,________ Facilitate the Creation of the Product

question 52

Multiple Choice

In the value chain,________ facilitate the creation of the product or service and its transfer to the customer.

• A) primary activities
• B) tertiary activities
• C) support activities
• D) procurement activities

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Definitions:

Buyer/Lessee

An individual or entity that purchases or leases goods or property from another party under agreed-upon terms.

Common Law Rule

A principle or rule established in previous legal cases that is either binding on or persuasive for a court or other tribunal when deciding subsequent cases with similar issues or facts.

Perfect Tender Rule

A legal principle that requires the delivery of goods to be exactly as specified in the contract without any deviations or defects.

Conforming Goods

Products that meet the specifications and standards outlined in a purchase contract.