By Looking at the Sales Potential for Each Product We

question 240

Short Answer

By looking at the sales potential for each product we can use goals to
help define corporate culture.
help allocate resources.
help assess performance.
help make decisions.
provide direction.

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Definitions:

Carrying Cost

The total cost of holding inventory, including storage, handling, depreciation, and opportunity costs, over a certain period of time.

Fixed Cost

A fixed cost is an expense that does not change with the level of production or sales, such as rent, salaries, and insurance.

Board Game

A tabletop game that involves counters or pieces moved or placed on a pre-marked surface or "board," according to a set of rules.