________ Activities of the Value Chain Provide Inputs That Allow

question 35

Multiple Choice

________ activities of the value chain provide inputs that allow the primary activities to occur.

• A) Complementary
• B) Basic
• C) Core
• D) Support

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Definitions:

Pay Accounts Promptly

The practice of settling owed amounts to suppliers or creditors within the agreed payment terms to avoid late fees and maintain good business relationships.

Merchandising Company

A business that purchases finished goods for resale, making profit primarily through the markup of these goods.

Income Summary Account

An account used temporarily during the closing process to summarize a period's revenues and expenses before determining net income.

Determination Of Income

The process of calculating the income of a business or individual, considering all sources of revenue and applicable expenses.