Which of the Following Would Not Be Included in the Value

question 193

Multiple Choice

Which of the following would not be included in the value chain?

• A)Website development costs
• B)Costs to deliver product to retail outlets
• C)Costs of print advertisements
• D)All of these costs would be included as part of the value chain.

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Definitions:

Economic Growth

The rise in the real market value of goods and services generated by an economy over a period.

Living Standards

The degree of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Newly Industrializing Countries

Countries that are transitioning from primarily agricultural to primarily industrial sector economies, experiencing rapid economic growth and development.

Less Developed Countries

Nations with a lower level of income, industrialization, and modernization compared to more developed countries.