Using the Value Chain Model,which of the Following Primary Activities

question 43

Multiple Choice

Using the value chain model,which of the following primary activities is performed first,as inputs are transformed into outputs?

• A) Research and development
• B) Marketing and sales
• C) Human resources
• D) Production
• E) After-sales service and support

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Definitions:

Income

The income earned, usually periodically, from labor or investment returns.

Prices

The sum of money anticipated, needed, or provided as payment for an item.

Utility Function

A mathematical representation that ranks preferences over a set of goods and services, showing the level of satisfaction or utility a consumer receives.

Income

Revenue received, on a consistent basis, from occupational or investment sources.