The extent to which the value created by a particular activity is greater than the cost incurred to create that value is referred to as
A) margin.
B) competitive advantage.
C) the value chain.
D) human capital.

Question

Quizplus · Accepted Answer

The term "margin" refers to the difference between the value created by a particular activity or product and the cost incurred to create that value. It indicates the profitability of the activity or product, and is a key metric for businesses to measure their success.

The Extent to Which the Value Created by a Particular