The Value Creation Activities of a Firm Are Categorized as _____

question 24

Multiple Choice

The value creation activities of a firm are categorized as _____ and _____.

• A) primary activities; support activities
• B) strategic activities; functional activities
• C) ancillary functions; tertiary functions
• D) primary activities; core activities
• E) goal-oriented activities; organizational activities

Understand the concepts of public goods, including non-excludability and non-rivalry.

Calculate individual and societal willingness to pay for public goods.

Distinguish between public and private goods and understand their characteristics.

Explain the occurrence and implications of externalities in market outcomes.

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Definitions:

Behavior

The observable actions and reactions of individuals or groups in a particular context or environment.

Inclusive Workplace

An environment that values diversity and incorporates practices that respect and embrace differences among employees.

Diversity

Refers to the inclusion of individuals from various backgrounds, cultures, genders, ethnicities, and beliefs in a group or organization, recognizing and valuing differences.

Disrespectful Behavior

Actions or words that show a lack of courtesy or respect towards others, often creating a hostile environment.