In the Value Chain Model,the Primary Activity ________ Is the Process

question 41

Multiple Choice

In the value chain model,the primary activity ________ is the process of creating products or services from raw materials.

• A)marketing and sales
• B)operations
• C)procurement
• D)inbound logistics

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Definitions:

Net Income

When revenue totals more than expenses, the result is net income.

Gross Profit

The difference between revenue and the cost of goods sold before accounting for other costs such as selling, administrative, and financial expenses.

Direct Expenses

Costs that can be directly attributed to the production of specific goods or services.

Building Cost

The total expenses involved in constructing a building, including material, labor, and other direct and indirect costs.