Which of the Following Is a Support Activity in the Value

question 69

Multiple Choice

Which of the following is a support activity in the value chain of a firm?

• A) receiving inputs to operationalize the production
• B) distributing the products to retailers or buyers directly
• C) assisting customers in using the product or service
• D) setting up contractual arrangements for procurement

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Definitions:

Note Receivable

A written promise that one party will pay another party a definite sum of money on demand or at a specified future date.

Long-Term Notes Receivable

Loans or credits extended to borrowers with repayment terms extending beyond one year, recorded as assets on the balance sheet.

Bill And Hold Sale

A sales arrangement where the seller bills the customer for purchased goods but holds onto the goods until the customer requests delivery.

Collectibility

The likelihood that a receivable amount will be paid by the debtor, impacting the recognition of revenue.