All of the Following Are Components of the Value Chain

question 19

Multiple Choice

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

• A)Research and design activities.
• B)Obtaining raw materials.
• C)Supporting the product after it is sold.
• D)Maintaining large inventories so that orders can be filled promptly.

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Definitions:

Discretionary Fiscal Policy

Government policy that involves changing tax rates and levels of government spending to influence the economy.

Reinvestment Act

A law enacted to reallocate or invest funds into sectors or projects deemed necessary for economic recovery or development.

Government Spending

The total amount of public funds that a government expends on its programs, services, and investments.

Real GDP

GDP, corrected for inflation, to yield a clearer picture of the economic growth and the actual scale of the economy.