Answer:
activities through which a product or service is created and delivered to customers.
Explanation:
In simple words, A value chain can be understood as the business model that outlines the whole process of creating a product or service. The processes involved in taking a commodity from conception to dissemination, as well as everything in among as sourcing raw materials, production operations and marketing activities—make up a value chain for firms that create things.
Answer:
According to the economists, the resources are scarce and human wants are unlimited. So, it is difficult to satisfy each and every want of people. But according to the theory of abundance, we can overcome from this problem by division and specialization of labor. If there is a proper division of labor according to their specialization then this will increase the productivity and one can produce more goods with the same level of resources.
From this economic practice, we can overcome from the problem of scarce resources.
Answer:
Debit finished goods inventory
Credit Work in Process Inventory
Explanation:
The journal entry that is required to transfer the completed products from the production stage to finished goods inventory which is the amount of goods in the inventory that have been produced and as well is available and ready for customer to buy will includes to Debit finished goods inventory and to Credit Work in Process. Inventory
Debit finished goods inventory
Credit Work in Process Inventory
(Being to record finished goods inventory)
Answer: d. Is established to protect the corporation's creditors.
Explanation:
A corporation's legal capital is the part of a company's equity that absolutely cannot be allowed to leave the company. It is illegal to distribute them as dividends or any other means.
The purpose of this is to ensure that the creditor's rights to assets in the company are protected in the event that some mishap should befall the company.
