Ida Works on Creating Ways to Ensure That Customers Receive

question 144

Multiple Choice

Ida works on creating ways to ensure that customers receive goods at the right time and correct location.Ida is involved in her firm's _____ strategy.

• A)pricing
• B)promotion
• C)distribution
• D)product

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Definitions:

Finished Goods

Finished goods are completed products ready for sale, having passed through all stages of production and manufacturing.

Direct Labor Cost

The expense associated with labor directly involved in the production process of goods or services, distinguishing from indirect labor costs like maintenance personnel.

Materials Used

The quantity and cost of raw materials consumed in the production process, including both direct and indirect materials.

Manufacturing Overhead Account

An accounting term that aggregates all indirect costs associated with manufacturing a product.