Within the Value Chain Conceptual Framework,organizations Also Perform a Number

question 77

Multiple Choice

Within the value chain conceptual framework,organizations also perform a number of other support activities that enable the five primary value chain activities to be performed efficiently and effectively.One such support activity is research and development.This activity can be identified as a

• A)firm infrastructure activity.
• B)human resources activity.
• C)technology activity.
• D)purchasing activity.

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Definitions:

Expenditure

The total amount of money spent by individuals, firms, or the government on goods and services.

Macroeconomics

The branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate phenomena such as inflation, national income, and unemployment.

Intermediate Goods

Products used in the production process of final goods but not part of the final product.

Final Goods

Products that have completed the production process and are ready for sale to the end consumer, not to be further processed or resold.