In ________,Consumers May Share a Strong Need That Cannot Be

question 104

Multiple Choice

In ________,consumers may share a strong need that cannot be satisfied by an existing product.

• A) negative demand
• B) latent demand
• C) declining demand
• D) irregular demand
• E) nonexistent demand

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Definitions:

Nonmanufacturing Cost

Expenses not directly tied to the production of goods, such as administrative, sales, and marketing costs.

Prime Costs

The combined direct costs of raw materials and labor that are directly involved in the production of a product.

Indirect Material

Materials used in the manufacturing process that are not directly incorporated into the final product, such as lubricants and cleaning supplies.

Direct Labor

The labor costs directly associated with the manufacturing of products, including wages of workers who are actively involved in the product's creation.