Researchers at PPG Industries Inc

question 31

Short Answer

Researchers at PPG Industries Inc.spent considerable time,effort,and money developing a bluish windshield that would let in filtered sunlight but block out heat.PPG had not conducted market research before deciding to design the windshield.Moreover,the windshield is priced higher compared to the other brands.The company has now introduced the windshield in the market and is hoping that the customers will like it.PPG most likely has a(n)__________orientation.

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Definitions:

Periodic Inventory Systems

An inventory system in which the inventory count is updated and the cost of goods sold is calculated periodically at specific intervals, often manually.

Direct Labor Costs

Direct labor costs are the wages paid to employees who are directly involved in the production of goods or services.

Factory Wages Payable

Liabilities owed by a company for labor costs associated with the manufacturing process that have not yet been paid.

Work in Process Inventory

Items that are in the production process but are not yet complete, representing one of the stages in the inventory cycle.