All of the Following Are Characteristics of the Value Chain

question 100

Multiple Choice

All of the following are characteristics of the value chain except:

• A)a linked set of activities
• B)activities that are monitored by how they contribute to the final product's service,quality,and cost.
• C)activities that increase the usefulness of products or services
• D)includes activities that can be eliminated without reducing the product's service potential

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Definitions:

Antitheft Auto Alarms

Security devices installed in vehicles designed to deter theft by emitting a loud noise or other alerts when unauthorized access is attempted.

Increasing Cost Industry

An industry in which production costs rise as output increases, often due to factors like limited resources or increased demand for inputs.

Price-taker Firm

A company in a market where the individual firm has no control over the price of its product and must accept the prevailing market price.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one additional unit of a good changes as the level of production is varied.