With Its Focus on Value-Creating Activities,the Value Chain

question 96

Multiple Choice

With its focus on value-creating activities,the value chain:

• A) is an ideal tool for examining how a company delivers on its customer value proposition.
• B) preserves cost structure advantages.
• C) provides identification of customer differentiation shortfalls.
• D) is a recognized method for classifying the relevant support activities that are relevant to operations tasks.
• E) is crucial in understanding cost disadvantages and economies of scale and scope shortfalls.

Understand and apply the allowance method of accounting for uncollectible accounts.

Make necessary journal entries related to notes receivable, including interest calculation and recognition of bad debts.

Prepare adjusting journal entries to estimate bad debts based on aging analysis.

Understand the direct write-off method and its implications on the matching principle.

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Definitions:

B2C Model

Business-to-Consumer model, a commercial transaction model where businesses sell products or services directly to the end-users or consumers.

Buy-Side Marketplace

A digital or physical marketplace that focuses on buyers, allowing them to search, compare, and purchase goods or services.

Procure

The action of obtaining or acquiring goods, services, or works from an external source, often through a bidding or tender process.

Amazon Effect

The impact of the digital marketplace on the traditional retail sector, where increased online shopping has changed consumer expectations and business models.