Which of the Following Is Used to Determine a Product's

question 46

Multiple Choice

Which of the following is used to determine a product's life-cycle cost?

• A)disposal cost
• B)direct materials cost
• C)direct labor cost
• D)cost of satisfaction
• E)distribution cost

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Definitions:

Sustainable Competitive Advantage

A long-term strategy that cannot be easily duplicated by competitors, allowing an organization to perform better over time.

Human Resources

The department within an organization that deals with the management, support, and development of its employees.

Profitability

The degree to which a business or activity yields profit or financial gain.

Market Value

The present cost at which a product or service is available for purchase or sale in the market.