Explain How Each Product Listed Below Can Be Classified as Either

question 93

Essay

Explain how each product listed below can be classified as either a consumer and/or business product.
1.Shampoo
2.Steel bars for concrete reinforcement
3.Lawn mower
4.Computer
5.Automobile

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Definitions:

Supervisory Expense

Costs associated with the oversight and management of a company's operations, including salaries and benefits for supervisory personnel.

Order Filling

is the process of preparing and shipping customers' orders, an essential function in product distribution and logistics.

Activity-Based Costing

An accounting approach focusing on identifying and allocating costs of specific business activities to products or services.

Equipment Depreciation

The process of allocating the cost of physical assets over their useful lives, reflecting wear and use over time.