Accounting and Finance Is a Primary Activity in the Value

question 8

True/False

Accounting and Finance is a primary activity in the value chain.

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Definitions:

Profit Motive

The driving force behind business operations and entrepreneurship, characterized by the desire to earn financial gain from activities.

Digital Camera

A device that captures photographs in digital format, allowing for storage, display, and sharing on electronic platforms.

Product Innovation

The development and sale of a new or improved product (or service).

Entrepreneurs

Individuals who provide entrepreneurial ability to firms by setting strategy, advancing innovations, and bearing the financial risk if their firms do poorly.