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)gross revenue
D)gross turnover

Question

Quizplus · Accepted Answer

The total margin is calculated by subtracting the total costs incurred from the total value added. This represents the profit or revenue that the company makes from its operations. The other options are not correct, as actual value is not a commonly used term in relation to value chains, gross revenue refers to total income before expenses are deducted, and gross turnover is a measure of how many times a company's inventory is sold and replaced over a period of time.

The Difference Between the Total Value Added and the Total