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The Series of Activities That Add Value to a Company's

question 76

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The series of activities that add value to a company's products or services is called a value chain.


Definitions:

Tax

A compulsory financial charge or levy imposed by a government on individuals or entities to fund public services and government activities.

Minimum Wage

The lowest legal hourly pay that employers can offer to workers.

Legal Price

The price set by legal authority or regulation, often differing from market-driven prices.

Price Floor

A government or regulatory imposed minimum price above the equilibrium, typically set to protect producers or sectors from too low of prices.

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