Asked by Ethan Calura on Jun 08, 2024
Verified
Service costs include:
i. design.
ii. production.
iii. purchasing.
A) ii and iii
B) i and iii
C) i and ii
D) ii
Design
A process of envisioning and planning the creation of objects, systems, or interactions.
Production
The process of creating goods and services from various inputs like raw materials and labor.
Purchasing
The process of obtaining goods or services, usually for business purposes.
- Develop an understanding of the assorted types of costs associated with service organizations, including upstream, downstream, and production related expenses.
Verified Answer
NT
NEREYDA TERRONES QUINTANAJun 14, 2024
Final Answer :
C
Explanation :
Service costs include both design and production, but not necessarily purchasing. Therefore, option C (i and ii) is the best choice.
Learning Objectives
- Develop an understanding of the assorted types of costs associated with service organizations, including upstream, downstream, and production related expenses.
Related questions
Choose the Statement That Best Completes This Sentence: 'Traditional Management ...
Facility-Level Costs Vary with the Number of Units or Batches ...
Facility-Level Costs Are Not Traceable to Individual Product Lines,batches or ...
Activities Causing Overhead Cost in an Organization Are Typically Separated ...
Overhead Costs ...