In a JIT Manufacturing Environment, Product-Costing Information Is Used Mainly

question 17

Multiple Choice

In a JIT manufacturing environment, product-costing information is used mainly for all of the following EXCEPT

• A)product costing of inventory for financial reporting purposes.
• B)pricing decisions.
• C)product profitability analysis.
• D)make-or-buy decisions.

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Definitions:

Frequency of Purchase

The rate at which customers buy a particular product or service over a specific period of time.

Specialty Product

Goods or services that are characterized by a unique quality, brand, or characteristic that drives consumers to make a special effort to purchase them.

Discretionary Product

A non-essential good or service purchased with disposable income, often subject to personal tastes and economic conditions.

Shopping Product

Goods that a consumer, in the process of selection and purchase, characteristically compares on such bases as suitability, quality, price, and style.