In a Value Chain,service Involves _____

question 81

Multiple Choice

In a value chain,service involves _____.

• A)tasks associated with receiving,storing,and disseminating incoming goods
• B)processing raw materials into finished goods
• C)identifying customer needs and generating sales
• D)activities to support customers after the sale of products

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Definitions:

Economic Profit

The profit a company makes after subtracting both its explicit and implicit costs from total revenues.

Labor Services

The physical and intellectual efforts provided by workers in exchange for wages.

National Income

The total income earned by a country's residents and businesses, including wages, profits, and investment earnings, usually measured within a specific time period.

Transfer Payments

Payments made by governments to individuals through social benefit programs without any goods or services being received in return.