The value chain is the sequence of business functions in which

A$.$ usefulness is added to the products or services of an organization

B$.$ producing and delivering the product or service is of prime importance

C$.$ value is deducted from the products or services of an organization

D$.$ products and services are evaluated with respect to their value to the supply

chain

A contribution margin income statement is an income statement that groups costs into

their variable and fixed components.

True

False