Adding Value to Products and Services

Which of the following consists of business functions that add value to a company's products and services?

a) Administrative functions

b) Support functions

c) Core functions

d) Secondary functions

Final answer:

Core functions include essential business activities that directly contribute added value to a company's products and services, distinguishing them from support, administrative, or secondary functions. Software developers fall under the quaternary sector, which is characterized by knowledge-intensive services in technology and information. The correct option is c) Core functions.

The business functions that add value to a company's products and services are known as core functions. Core functions are central to the business's operations and are directly involved in producing goods, delivering services, or providing core business support. This includes areas such as research and development, marketing, production, and customer service. In contrast, administrative and support functions play a supportive role in these primary activities and do not directly add value to products or services but are vital for the smooth operation of the business. Secondary functions might refer to activities that support the core functions but are not part of the core processes themselves.

Now, to address the related question, a software developer would be classified within the quaternary sector of an economy, as this sector involves roles that are focused on information services, technology development, and other knowledge-based services.