Consumer Services Are Based on Knowledge, Routine Services, and Special

question 1

True/False

Consumer services are based on knowledge, routine services, and special competencies of the employees.

---

Definitions:

Relevant Cost

Costs that will be affected by a decision in the future and therefore should be considered in the decision-making process.

Direct Labor Cost

Expenses associated with the wages and benefits of employees who are directly involved in the manufacturing process.

Financial Advantage

The benefit obtained from making a particular financial decision, typically resulting in monetary gain or cost savings.

Outside Supplier

A third-party company or entity that provides goods or services to another company, external to the buying organization.