Question 1:

Cost-based pricing starts with cost and adds a mark up to cover unallocated costs and achieve a desired profit.

Select one:

TRUE

FALSE

Question 2:

The objective of every organization along a value chain should be to maximize the value of a product or service while minimizing its cost for end customers.

Select one:

TRUE

FALSE

Question 3

A value chain is made up of activities, and each activity is made up of processes.

Select one:

TRUE

FALSE