Which of the Following Statements Is False

question 105

Multiple Choice

Which of the following statements is false?

• A) Value chain activities need to be closely coordinated.
• B) Primary value chain activities include marketing and sales.
• C) An organization's value chain is the only component of the value system.
• D) None of the statements are false.

---

Definitions:

Pareto Optimal

The allocation of resources in a manner that doesn't allow for the enhancement of one person's condition without the deterioration of another's.

Public Good

A public good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Private Good

A product or service that is consumed by an individual and cannot be used simultaneously by another individual.

Marginal Rate of Substitution

The rate at which a consumer can substitute one good for another while maintaining the same level of utility or satisfaction.