Customers Who Shop on Amazon

question 155

Multiple Choice

Customers who shop on Amazon.com™ find it helpful to read the customer reviews associated with products that others have purchased.After making a purchase,the customer can go to Amazon's website and post his/her opinion of the product recently purchased.This strategy not only assists other customers with their decision making,it helps Amazon react more quickly to the performance of the products it sells.Which of the following statements attests to the value of this service?

• A)This action provides for complete transparency of company financial performance.
• B)This action supports a key criterion of the control function: the measurement of customer satisfaction.
• C)This action provides for better tactical planning,particularly the budgeting process.
• D)This action supports the premise of recruiting,hiring,and motivating the employees who believe in social media and other ways to reach customers.

Recognize how changes in the supply of any factor of production can affect the earnings of all factors.

Understand the concept of derived demand for labor and how it is influenced by other markets.

Comprehend how the principle of diminishing marginal returns applies to various production scenarios.

Recognize the relationship between labor productivity and wage growth.

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Definitions:

Production Reports

Production reports are documents that provide information on the status, output, and efficiency of the production process within a manufacturing operation.

Process Costing

A costing method used for homogeneous products, dividing total costs by the number of units produced to calculate cost per unit.

Homogeneous

Characterized by uniformity or similarity in composition, nature, or character, often used in reference to materials or mixtures.

Processing Department

An organizational unit where work is performed on a product and where materials, labor, or overhead costs are added to the product.