What is meant by activity analysis? Give 3 criteria for determining whether an activity adds value.

The definition is summarized below and according to the case provided.

Explanation:

The method of trying to break down another operation into comprehensive steps as well as analyzing every other component independently of someone is activity analysis.

The three criteria for deciding not just whether value addition would be an activity or behavior:

answer; it can vividly demonstrate product attributes and persuasively explain their corresponding consumer benefits;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.