Suppose That the Data in the Following Table Reflects the Prices

question 178

Multiple Choice

Suppose that the data in the following table reflects the prices in an economy.What is the inflation rate in between 2017 and 2018? $$\begin{array} { | c | c | } \hline \text { Year } & \text { CPI } \\& ( \mathbf { 2 0 1 7 } = \mathbf { 1 0 0 } ) \\\hline 2017 & 100 \\\hline 2018 & 120 \\\hline\end{array}$$

• A) 2%
• B) 5%
• C) 20%
• D) 10%

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Definitions:

Value Chain Analysis

Value Chain Analysis is a process of examining the development of competitive advantage, focusing on the chain of activities involved in designing, producing, marketing, delivering, and supporting a product or service.

Effective

Achieving the desired outcome or result with optimal use of resources and time.

Manageable

Capable of being controlled, handled, or dealt with effectively.

Value Chain

A model that describes the full range of activities needed to create a product or service, from initial conception to final use and beyond.