The total of all the costs incurred by the activities in the value chain are
A)variable costs.
B)fixed costs.
C)total costs.
D)full costs.

Question

Quizplus · Accepted Answer

Total costs include all direct and indirect costs associated with activities in the value chain, including both variable and fixed costs. Full costs refer to total costs plus any additional costs associated with externalities, such as environmental or social costs. Therefore, D is the best choice as it encompasses all costs incurred in the value chain activities.

The Total of All the Costs Incurred by the Activities