According to the value chain model,when the value added by an activity exceeds the cost of the activity,the result is a profit for the business.

Question

Quizplus · Accepted Answer

The value chain model suggests that activities within a business can create value and add to the final product or service offered to customers. When the value added by an activity exceeds the cost of the activity, it means that the activity is profitable for the business. This is a fundamental principle of the value chain model.

According to the Value Chain Model,when the Value Added by an Activity