The _____ of a Value Chain Provide Inputs That Allow

question 55

Multiple Choice

The _____ of a value chain provide inputs that allow the primary activities to occur.

• A) lateral functions
• B) support activities
• C) core activities
• D) central activities
• E) secondary activities

---

Definitions:

Supply Curve

An illustrated diagram depicting the connection between an item's price and the volume of the item that providers are ready to sell.

Purely Competitive Industry

A market structure characterized by many small firms producing identical products where no single firm can influence the market price.

AVC Curve

A graph that illustrates the average variable costs associated with producing different quantities of output, typically showing a U-shaped curve due to economies and diseconomies of scale.

MC Curves

Marginal cost curves, which represent the change in total cost that arises when the quantity produced is incremented by one unit.