Value Activities Can Best Be Defined As

question 58

Multiple Choice

Value activities can best be defined as:

• A)Activities that firms in the industry must perform to improve a product.
• B)Activities that firms in the industry must perform in the process of converting raw material to final product, including customer service.
• C)Activities that firms in the industry must perform in the process of closing down a product line, including customer service.
• D)Activities that firms in the industry must perform to consider ways of marketing a product.
• E)Activities that firms in the industry must perform in the process of considering new products, including customer service.

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Definitions:

Quotas

Limits or targets, usually set by governments, on the quantity or value of goods that can be imported or exported.

Dumping

The act of a country or business selling products at less than what it costs to produce them.

International Business

The buying, selling, and trading of goods and services across national boundaries.