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Stichworte: product cost
Managers should not become complacent about efficiency-based cost advantages because:
What type of strategy is being followed when a company such as Coca Cola decides to use the same product design and advertising strategy throughout the world?
Is the stage of the new product process in which an idea is turned into a prototype?
Paying a celebrity to advertise a product is the least preferred type of endorsement
Understanding why customers buy a product can help firms do all of the following EXCEPT
A sales presentation that focuses primarily on product features is highly persuasive
If 8,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to
In which of the following stages of personal selling does a salesperson tell the product story to the buyer?
When it comes to a cost leadership strategy experience effects are expected to lower costs by?
Separator pages can be configured to reduce the cost of printing for an organization.
Which of the following is not an example of an indirect cost incurred in manufacturing automobiles?
If franklin & co. uses labor and materials to create a finished product, franklin & co. is likely:
How does an organization verify purchased product required by the iso 9001 standard?
What are two key characteristics of the introduction stage of the product life cycle?
Which of the following cost should not be included in the inventory valuation of a manufacturing business?
Opportunity cost is an important concept in decision-making. this may be described as
Why are multiple department overhead rates more accurate for product costing than a single plantwide rate?
How do multichannel retailers leverage their stores to lower the cost of fulfilling orders?
All of the following are used in the calculation of the budgeted cost per unit except
What includes all of the costs of production that increase with the quantity produced?
What new food product allowed for rapid population growth in China during the Song era
The marginal product of labor curve shows the change in total product resulting from a
Which term refers the the relative proportion of fixed and variable costs in an organization?
What factors must be taken into consideration to determine the right price for a product quizlet?
The idea that as a plant volume increases, the average cost per unit drops is known as what?
Which of the following is an example of direct labor cost for a cell phone manufacturer?
When determining the cost of an inventory which of the following should not be included
What are the strategies to consider in developing a brand name of a particular product?
Is the place a product occupies in the consumers mind relative to competitors products?
When buyers and sellers have agreed on a value for a product, they have established the
If you are managing changes to the projects cost baseline, which process are you using?
Is a type of product that has tangible attributes that a consumers five senses can perceive?
The cost of a tablecloth is 72% of its selling price. find the approximate profit percentage.
What is needed to find the cost of ending inventory in the retail inventory method quizlet?
A company that creates a distinctive product is likely to use a differentiation strategy.
Which of the following means placing your product or service in as many outlets or locations as possible?
Product placement includes showing actors on television shows using a name-brand product.
What is the term for the path a product follows from the manufacturer to the end customer?
Under a standard cost system, the material efficiency variances are the responsibility of
Which of the following logistics functions of channels adds time and place utility to a product by moving it from where it is made to where it is purchased and used?
What type of organizational structures works together in order to produce product or service?
Which of the following is the characteristics of introduction stage in a product life cycle?
In which product life cycle the scope schedule and cost are determined early and changes to scope are carefully managed?
What is the term for the extra cost of producing one more unit of output multiple choice question?
Which of the following factors that affect market growth rates refers to the degree to which a new product is perceived?
Which of the following costs is not relevant to a decision to sell a product at split off or to process the product further and then sell the product?
Which method assumes that the intermediate cash inflows are reinvested at the cost of capital?
Which of the following is a cost that can be eliminated in whole or in part by choosing one alternative over another?
What is the opportunity cost of making a component part in a factory given that there is no alternative use of the capacity?
The part of a business organization that is responsible for creating demand for the product is
What term is commonly used to describe the concept whereby the cost of manufactured products is composed of direct materials cost?
A complete halt to trading with a particular nation or in a particular product is called a(n)
The distinction between avoidable and unavoidable costs is similar to the distinction between
Which of the following basic types of production layout formats is one which has similar equipment or functions are grouped together?
In which layout format equipment or work processes are arranged according to the progressive steps?
Which of the following situations is a producer guaranteed full control over product sales?
Ram made a profit of 25 after selling a watch at rupees 4000 find the cost price of the watch
A market structure characterized by a single seller, selling a unique product in the market.
When free competition exists the price of a product will be that value where supply is equal to the demand?
When the use of one of the factors of production is limited either in increasing cost or by absolute quantity a point will be reached beyond which an increase in the variable?
What refers to the place that a brand occupies in the minds of the customers and how it is distinguished from the products of the competitors?
A rom or a rough order of ____ (rom) estimate provides a rough idea of what a project will cost.
When an auditor tests a clients cost accounting system the auditors tests are primarily designed to determine that?
Which concept states that business activity is separated from the owners personal activity?
Expensing the cost of copy paper when the paper is acquired is an example of which constraint
Which of the principle that a company must recognize revenue in the period in which it is earned it is not considered earned until a product or service has been provided?
Which principle states that a transaction is not recorded in the books of accounts unless it is measurable in terms of money?
Which problem recognition involves a discrepancy that a variety of brands within a product?
What is setting a price for products that must be used along with a main product such as blades for a razor?
What is setting a price for a product that must be used along with the main product such as blades for a razor?
The salary of the project manager would be an example of what type of cost found in a project?
What type of feasibility analysis is an assessment of the overall appeal of the product or service being proposed?
Which of the following inventory cost flow method reports most closely the current cost of inventory?
Which of the following cost flow assumptions is used for inventory when an entity builds townhouses?
The necessary adjustment associated with the lower of cost and net realizable value would be
Which of the following is the amount of a product that a company can produce under normal?
How does standard cost card relate to a bill of materials and an operations flow document?
What is a set of interdependent organizations that help make a product or service available for use or consumption by the consumer or business user?
What is a set of interdependent Organisations involved in the process of making a product or service available for use by the consumption of consumer by business user?
Which type of distribution means limiting distribution of a product to a single outlet in a particular region?
When computing standard cost variances What is the difference between standard and actual?
When computing standard cost variances the difference between actual and standard price multiplied by actual quantity yields a?
What is the thing that a sales person needs to achieve before attempting to sell a product or service?
When the insured person pays a monthly cost for healthcare insurance it is called a Quizlet
Which of the following is most likely to use a process cost accounting system sugar refiner?
What are the arguments in favor of treating fixed manufacturing overhead costs as product costs?
Which of the following costs is not included while computing unit product cost under direct costing?
Which of the following statements is true variable costing treats fixed overhead as a period cost
Why cost accounting information does caters mostly the needs of internal users rather than external?
Which of the following refers to a potential customers ability to recall that the brand name is a particular type of retailer product or service?
At which stage does sales revenue equal the costs and expenses of making and distributing a product?
Are the initials of the federal agency that created and maintains the guidelines for companies wishing to make environmental claims on product labels?
What refers to the combination of advertising and communication channels that are used in promotion of a particular product or service?
What refers to the combination of advertising and communication channels that are used in the promotion of a particular product or service?
A company that succeeds in differentiating its product offering from those of its rivals should
Which of the following strategies a company can use to differentiate its market offerings?
Which of the following refers to the value of some thing we give up to obtain something else?
Which variance is the difference between standard cost of Labour and actual cost of Labour?
Which pricing strategies would be appropriate for an established business trying to win customers from competitors?
Is used heavily when introducing a new product category. the objective is to build primary demand.
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