GuideFoot - Learn Together, Grow Smarter. Logo

In Business / College | 2025-07-07

What defines a value-added activity?
A. Adds value that the customer is willing to pay for
B. Saves money for the business
C. Reduces cycle time
D. Is essential for internal operations

Asked by nieves1001

Answer (2)

A value-added activity boosts a product's worth from the customer's perspective and is crucial for business competitiveness. It adds value that customers are willing to pay for, rather than just saving money or improving internal processes. Understanding and implementing these activities are vital for customer satisfaction. ;

Answered by GinnyAnswer | 2025-07-07

A value-added activity enhances the perceived worth of a product or service from the customer's viewpoint, and it's primarily defined as an activity that customers are willing to pay for. Thus, the correct answer is A: Adds value that the customer is willing to pay for.
;

Answered by Anonymous | 2025-07-30

Related Questions in Business

📝 Answered - When the yield to maturity of a bond goes up, the price typically: A. is determined by market factors B. goes down C. does not change D. goes up

📝 Answered - A type of life insurance policy that requires premiums only for a specified number of years or to a specific age is called a: A. term life policy B. limited pay policy C. key man insurance policy D. split dollar policy

📝 Answered - Which of the following correctly explains how the concept of demand affects the change in use of credit? Select the two correct answers. A. High interest rates yield low demand for credit. B. Low interest rates yield high demand for credit. C. High interest rates yield high demand for credit. D. Low interest rates yield low demand for credit. E. Both low and high interest rates yield low demand for credit because consumers see it as an indicator that the market is not in equilibrium. Demand is highest when rates are neither too high nor too low.

📝 Answered - A company is researching mining at four different land areas using different types of equipment. The table below shows the costs of land, equipment, mining, and reclamation for the four locations: | Locations | Cost of land | Cost of equipment | Cost of mining and reclamation | Time taken to mine the area | | --------- | ------------ | ----------------- | -------------------------------- | --------------------------- | | 1 | $100,000 | $10,000 | $5,000 per day | 30 days | | 2 | $35,000 | $6,000 | $4,500 per day | 45 days | | 3 | $30,000 | $7,500 | $3,500 per day | 120 days | | 4 | $40,500 | $8,000 | $7,000 per day | 65 days | Considering all costs, which location will cost the least for the company to mine? A. Location 1 B. Location 2 C. Location 3 D. Location 4

📝 Answered - Internal-operational communications are messages that A. are circulated both inside and outside a business B. get an organization's work done C. are sent between competing organizations within the same industry D. employees send to discuss strictly personal matters