The Products Are Produced for Stock Purpose in _____________

question 14

Multiple Choice

The products are produced for stock purpose in _____________.

• A)continuous production system.
• B)assembly production system.
• C)intermittent production system.
• D)analytic production system.

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Definitions:

Construction Purchased Saws

The acquisition of saws for the purpose of using them in construction projects, considered a capital expense.

Preferred Customer

A customer who receives special benefits or discounts due to their status or purchasing history with a company.

Gross Profit

The difference between revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Mark-up

The sum added onto the goods' cost price to account for overhead expenses and profit, which establishes the selling price.