A Value Chain Typically Consists of Five Primary Activities That

question 65

Multiple Choice

A value chain typically consists of five primary activities that can directly provide value to customers.The activities that help to provide post-sale support to customers represent

• A)service.
• B)outbound logistics.
• C)marketing and sales.
• D)operations.

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Definitions:

Prepaid Insurance

Payments made for insurance services before the coverage period, recorded as an asset initially and expensed over time.

Accrued Revenues

Revenues that have been earned through goods or services delivered, though payment has not yet been received.

Unearned Revenues

Money received by an individual or company for a service or product that has yet to be provided or delivered.

Accounting Period

A specific duration of time for which financial activities are reported and analyzed, usually a year or a quarter.