A Value-Added Cost Is the Cost of an Activity That

question 120

True/False

A value-added cost is the cost of an activity that a company can eliminate without affecting the product's value to the customer.

---

Definitions:

Global Expansion

The strategic growth of a company beyond its home country, entering new markets to increase market share, diversify, and achieve economies of scale.

Growth Strategy

A strategy that involves expansion of the organization’s current operations.

Attractive Industry

A sector of the economy that is appealing to investors and companies due to its potential for high profitability, growth, and stable demand.

Competitors

Businesses or individuals that offer similar products or services and compete for the same market share or audience.