Which of the Following Is Not an Example of Primary

question 17

Multiple Choice

Which of the following is not an example of primary activities in the value chain?

• A)operations
• B)procurement
• C)marketing
• D)customer service

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Definitions:

Inventory

The total amount of goods available for sale or use by a business.

Perpetual Inventory System

An accounting method that records inventory purchases or sales immediately through the use of computerized point-of-sale systems and enterprise asset management software.

FIFO Inventory

An inventory valuation method that assumes goods are sold in the order in which they were acquired, with the oldest inventory items sold first.

Inventory Balance

The total value of all the goods that a company has in stock at any given time.