This question set includes retired CMA questions provided by the Institute of Management Accountants for use as additional student practice. Please note that these questions were not author$-$created and may not align perfectly with content or terminology in the text.

Which one of the following lists of functions is in proper value chain order?

Multiple Choice

Research and development, marketing, and $$ustomer services.

Production, marketing, and production design.

Production design, distribution, and marketing.

Research and development, customer service, and distribution.