Which of the Following Statements Is True with Regards to an Organization's

Which of the following statements is true with regards to an organization's value chain?

A) Value is added in all activities except selecting, curating, purchasing, receiving and displaying a variety of products for a target audience for a merchandiser.
B) A major consideration in optimizing the value chain is to include only those activities that are value-added, that is, to provide measurable benefits to the final consumer.
C) Manufacturers add value to raw materials by accounting for only direct labor and not manufacturing overhead since labor converts inputs into a final product.
D) From a manufacturing perspective, organizations reference their position in the value chain relative to the customers only since they are the end-user of the final product.