When Looking at the Entire Industry,the Main Areas in a Company's

question 1

Multiple Choice

When looking at the entire industry,the main areas in a company's overall value chain where important differences between firm's cost and value do not occur are in

• A) a company's own internal activities.
• B) the suppliers industry value chain.
• C) the forward channel portion of the industry chain.
• D) a company's own internal activities,the suppliers industry value chain,and the forward channel portion of the industry chain.
• E) None of these choices are correct.

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Definitions:

Budget Constraint

The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.

Net Demands

The total demand for a product or service minus the supply provided, reflecting the actual market demand not met by current production.

Gross Demands

The total demand for a good or service before accounting for substitutions or complementarity effects.

Budget Line

A budget line represents all the combinations of two goods that a consumer can purchase with a given budget, given the prices of the goods.