What Is a Primary Activity in the Value Chain

question 53

Multiple Choice

What is a primary activity in the value chain?

• A)procurement
• B)marketing and sales
• C)human resources management
• D)technology developmentA pr

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Definitions:

Price Floor

A government-imposed minimum price for a good or service, preventing the market price from falling below a certain level, potentially leading to a surplus.

Agricultural Market

A marketplace where products from agriculture such as grains, vegetables, and livestock are traded.

Price Floor

A government or regulatory intervention that sets the lowest price at which a good or service can be legally sold, aimed at protecting producers.

Current Price

The price at which a good or service is being sold in the market at the present moment.