Malik, a Production Manager at a Small Manufacturing Company, Has

question 21

Multiple Choice

Malik, a production manager at a small manufacturing company, has written a report for the organizational director on the types of equipment upgrades needed to accommodate a new line of products. Along with the report, Malik has also sent a memo explaining why he forwarded the document to his boss. The accompanying document is called a

• A) quotation.
• B) 10-K Report.
• C) claims adjustment.
• D) transmittal.
• E) policy and procedure bulletin.

---

Definitions:

Fees

Charges imposed by service providers on consumers for the services offered.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Operating Expenses

Costs associated with the day-to-day operations of a business, including rent, utilities, and payroll.

Customer-Led Pricing

A pricing strategy that asks customers how much they are willing to pay and then offers the product at that price.