A(n) _____ Is a Set of Processes That Combine to Achieve

question 3

Multiple Choice

A(n) _____ is a set of processes that combine to achieve a company's primary goal, which is typically to yield a profit.

• A) value system
• B) industry value chain
• C) strategic business unit
• D) business model

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Definitions:

Inclined To Invest

Having a predisposition or a favorable attitude towards making investments, often with the expectation of achieving a financial return.

Business Firm

A company that produces goods and services for sale to individual consumers, other firms, or the government.

Capital Goods

Long-lasting goods used in the production of other goods or services, such as machinery, tools, and buildings.

Consumer Goods

Finished products consumed by individuals or households to satisfy their immediate wants or needs, such as food, clothing, and electronics.