(CMA)The Series of Activities in Which Customer Usefulness Is Added

question 96

Multiple Choice

(CMA) The series of activities in which customer usefulness is added to the product is the definition of:

• A)A value chain
• B)Process value analysis
• C)Integrated manufacturing
• D)Activity based costing

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Definitions:

Treadmill

A piece of exercise equipment designed for walking or running in place, often used for physical fitness.

Implied Warranty

A legal assumption in a sale that the goods or services are fit for the intended purpose, even if not explicitly stated.

Merchantability

A warranty that a product will meet reasonable expectations of quality and perform as generally expected by consumers.

Basis-of-the-Bargain

A legal concept that refers to the conditions and terms that are regarded as crucial in a contractual agreement between parties.