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Value-Chain Analysis Is Used to Identify Activities That Represent, or Can

question 57

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Value-chain analysis is used to identify activities that represent, or can develop into, the core competencies of a business. Who introduced this concept?


Definitions:

Materials Cost

The cost associated with the raw materials used in the production of goods.

Weighted-Average Method

A costing method used in process costing that averages the costs of all units available for sale during a period, both beginning inventory and produced during the period.

Ending Work

The work or tasks that are in process or yet to be completed at the end of a reporting period.

Process Inventory

Inventory that consists of items that are in various stages of being processed in a manufacturing environment but are not yet completed products.

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