Which of the Following Is Not a Support Activity Element

question 41

Multiple Choice

Which of the following is not a support activity element in the Value Chain? 

• A) Human resource management. 
• B) Outbound logistics. 
• C) Technology development. 
• D) Procurement.

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Definitions:

Average Fixed Costs

The fixed costs of production (costs that do not change with the level of output) divided by the quantity produced.

Total Costs

The sum of fixed and variable costs incurred by a firm in the production of goods or services.

TC Curve

A graphical representation showing the total cost of producing different quantities of a good or service.

TVC Curve

A graphical representation showing the relationship between a firm's total variable costs and its output level.