In the Value Chain, Support Activities Are Those Involved in the Physical

question 9

True/False

In the value chain, support activities are those involved in the physical creation of the product, its marketing and delivery to buyers, and its after-sales service.

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Definitions:

Land

Land refers to the surface of the earth and any permanent fixtures attached to it, considered a fixed asset in accounting and not subject to depreciation.

Machinery and Equipment

Fixed assets used in the operations of a business that are expected to be used for multiple years.

Ordinary Maintenance

Routine maintenance and repairs necessary to keep property (equipment, buildings, etc.) in efficient operating condition.

Asset Improvements

Expenditures made to increase the utility or extend the useful life of an asset.