Which of the Following Is a Primary Activity in the Value

question 48

Multiple Choice

Which of the following is a primary activity in the value chain?

• A) receiving and distributing inputs to the product
• B) negotiating prices with vendors
• C) finding suitable vendors to supply raw materials
• D) setting up contractual arrangements with various suppliers

Grasp the fundamentals of crisis management and proactive strategies for crisis prevention and resolution.

Acknowledge the role of information and perspectives in effective decision-making during crises.

Identify the characteristics of and approaches to programmed and nonprogrammed decisions.

Understand the role and limitations of economic models in explaining real-world phenomena.

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged on a product or service, typically set below the equilibrium price to make goods more affordable.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price over a specified period.

Quantity Supplied

The amount of a good or service that sellers are willing and able to sell at a particular price over a specified period.

Quota

An official constraint on trade that controls the volume or monetary amount of items permitted for export or import during a designated period.