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

Question

Quizplus · Accepted Answer

Total margin represents the difference between the total value added and the total costs incurred in the value chain. It is an important metric for determining the profitability of a business or product line. A high total margin indicates that a company is able to generate significant value from its inputs and operations, while keeping costs low.

The Difference Between the Total Value Added and the Total