A Self-Service Checkout Stand at a Grocery Store Is an Example

question 87

Multiple Choice

A self-service checkout stand at a grocery store is an example of?

• A) Continuous improvement
• B) Service blueprinting
• C) Process automation
• D) Customer flow mapping

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Definitions:

Relevant Range

The scope of activity levels within which the assumptions about fixed and variable costs in cost-volume-profit analysis remain valid.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, indicating how much contributes to covering fixed costs and profit.

Fixed Costs

Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.

Unit Variable Cost

It's the cost associated with producing one additional unit of product, including materials, labor, and other costs that vary with production output.