Step by step business functions, in which product or services must have customer usefulness is classified as
A. value chain
B. useful chain
C. product chain
D. services chain
Answer: Option A
Solution(By Examveda Team)
Step by step business functions, in which product or services must have customer usefulness is classified as value chain. A value chain is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product (i.e., good and/or service) for the market.Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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