What Are the Three Central Characteristics of Opportunity

question 64

Multiple Choice

What are the three central characteristics of opportunity?

• A)size of the market,level of disposable income of the customer,and access to manufacturing
• B)niche appeal,degree of innovation,and knowledge of market
• C)affordability,simplicity,and reliability
• D)potential economic value,novelty or newness,and perceived desirability

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Definitions:

Direct Labor-Hour

A measure of the labor time directly involved in the production of goods, usually quantified in hours.

Overhead Applied

The process of allocating overhead costs to specific jobs or products based on a pre-determined rate or method.

Unit Product Cost

The sum of materials, labor, and overhead expenses required to manufacture a single product unit.

Job K332

A specific task or project identified by the code "K332," usually in the context of job order costing system.