When Looking at the Entire Industry,the Main Areas in a Company's

question 72

Multiple Choice

When looking at the entire industry,the main areas in a company's overall value chain where important differences between firm's cost and value do not occur are in

• A) a company's own internal activities.
• B) the suppliers industry value chain.
• C) the forward channel portion of the industry chain.
• D) restoring cost parity of deficiencies.
• E) None of these.

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Definitions:

Mistake Of Value

An error made by one or both parties at the time of entering into a contract, regarding the value or worth of the subject matter of the contract.

Voidable

Refers to a contract that is valid and enforceable unless challenged and declared void by a party to the contract who is deemed to have been disadvantaged or defrauded.

Fraudulent Misrepresentation

The intentional provision of false statements or concealment of information to deceive or mislead another party.

Objective

A specific goal or aim that is intended to be achieved, often measurable and time-specific.