The difference between the total value added and the total costs incurred is called the ________ of the value chain.
A) revenue
B) break-even point
C) total margin
D) total premium

Question

Quizplus · Accepted Answer

The total value added is the total revenue generated by the value chain, while the total costs incurred are the total expenses incurred to create that revenue. The difference between the two is the margin or profit generated by the value chain, and in this context is referred to as the total margin. Therefore, the correct answer is C.

The Difference Between the Total Value Added and the Total