Economies That Arise from Performing a Value Creation Activity in the Optimal

question 76

Multiple Choice

Economies that arise from performing a value creation activity in the optimal place for that activity are referred to as

• A) factor economies.
• B) production economies.
• C) location economies.
• D) value creation economies.

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Definitions:

Careful Planning

The process of thoughtfully considering and organizing the steps or actions needed to achieve a specific goal or outcome.

Sales Call

A communication, typically by phone or face-to-face, initiated by a salesperson with a potential or existing customer to discuss a product or service.

Successful People

Individuals who achieve desired goals, outcomes, or levels of success in their professional or personal lives.

Implement

To put a decision, plan, agreement, etc., into effect.