The Value Chain Concept Is Composed of Two Types of Activities

question 20

Multiple Choice

The value chain concept is composed of two types of activities known as

• A)primary and support.
• B)primary and secondary.
• C)support and value.
• D)technology and support.

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Definitions:

Event Occurs

A moment or situation that takes place, typically triggering a specific reaction or process in a legal, contractual, or social context.

State

A political entity that possesses sovereignty, characterized by a defined territory, permanent population, government, and capacity to enter into relations with other states.

Insurable Interest

A stake in an insured property or life that would cause a person to suffer financial loss if the property were damaged or if the insured person were injured or died.

Wagering Contracts

Agreements where the parties stand to win or lose based on the outcome of an uncertain event, often considered unenforceable due to their speculative nature.