ISCM$12-$Which is correct:

Multiple Choice

Price is the price paid for the raw materials, ingredients and any supplies

Cost of goods is the total charged for a customer to receive the product

Profitable is $$the difference between the total value and the collective cost of performing the value activities

Margin is if the value it commands exceeds the cost involved in creating the product

Value: the amount buyers are willing to pay $($measured by total revenue which is price and volume$)$ for what a firm provides to them