The Major Difference Between Value and a Value Chain Is

question 21

Multiple Choice

The major difference between value and a value chain is that only ________.

• A) value covers tangible benefits
• B) value covers intangible benefits
• C) the value chain relates to a channel of distribution
• D) the value chain covers the total bundle of benefits received by consumers

Understand the influence of mental set and functional fixedness on problem solving.

Comprehend how information presentation affects decision making and judgments.

Understand the difference between various psychological treatments and their applications to specific phobias and disorders.

Comprehend cultural and geographic variations in psychological disorders and their implications.

---

Definitions:

Depreciation

The process of allocating the cost of tangible assets over their useful lives, reflecting the decrease in value of an asset over time due to use and obsolescence.

Consumption of Fixed Capital

The depreciation of physical assets' value over time due to use, wear and tear, or obsolescence.

Negative Investment

Investment activities that lead to a decrease in the capital stock or value of assets over time.

GDP

The Gross Domestic Product represents the sum of the market or monetary value of every finished product and service made inside a nation's boundaries over a particular time frame.