Match Each Definition That Follows with the Term (A-E) It

question 51

Multiple Choice

Match each definition that follows with the term (a-e) it defines.
-Only includes the costs of manufacturing in product cost per unit

• A)Demand-based concept
• B)Competition-based concept
• C)Product cost concept
• D)Target costing
• E)Production bottleneck

---

Definitions:

Vision Statement

A future-oriented declaration of an organization's goals and aspirations, intended to guide its internal decision-making.

Strategic Planning

A systematic process of envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Chief Executive Officer

The highest-ranking executive in a company or organization, responsible for making major corporate decisions and managing overall operations.

Ideal Future

A vision or conceptualization of a perfect scenario or state that an individual, group, or society aims to achieve, often used as a motivational tool.