The net result of the difference between the total value added and the total costs incurred is the ________ of the value chain.
A) actual value
B) total margin
C) gross revenue
D) gross turnover

Question

Quizplus · Accepted Answer

The term that best fits the net result of the difference between the total value added and the total costs incurred in a value chain is "total margin." This refers to the amount of profit made by a business or organization after all expenses and costs have been subtracted from the total revenue earned. A value chain is typically made up of a series of activities and processes that add value to a product or service, and the goal is to maximize the total margin by reducing costs and increasing efficiency. Therefore, choice B, "total margin," is the most suitable option for completing the sentence.

The Net Result of the Difference Between the Total Value