Which of the following statements about the value chain is correct?a. The two phases of the activities of the value chain are the upstream activities and the downstreamactivities.b. A company need not operate in all activities of the value chain.c. There are usually six to eight activities in the value chain.d. The value chain is intended for manufacturers.
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
Which of the following statements about the value chain is correct?
a. The two phases of the activities of the value chain are the upstream activities and the downstream
activities.
b. A company need not operate in all activities of the value chain.
c. There are usually six to eight activities in the value chain.
d. The value chain is intended for manufacturers.
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
