Non-Value-Added Activities Are Activities That Neither Enhance the Customer's Image

question 41

True/False

Non-value-added activities are activities that neither enhance the customer's image of the product or service nor provide a competitive advantage.

---

Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the open market.

Price of Hat

The cost assigned to a hat, determined by various factors including materials, production costs, brand, and market demand.

GDP

GDP represents the sum of all economic value generated by goods and services within a nation's boundaries over a defined period.

Grocery Store

A retail store that primarily sells food, both fresh and packaged, as well as other household goods.