A Firm Conducting an Environmental Scan of the Marketplace Might

question 255

Multiple Choice

A firm conducting an environmental scan of the marketplace might uncover key ________ such as the growing popularity of brand advocates,the increasing application of virtual reality and augmented reality,and the importance of "gig economy" businesses' legal challenges.

• A)profits
• B)responsibilities
• C)idealisms
• D)codes
• E)trends

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Definitions:

Direct Labor

Labor costs that can be easily traced to individual units of product; essentially the wages paid to workers who directly manufacture goods.

Manufacturing Overhead

All indirect manufacturing costs, including but not limited to utilities, rent, and salaries of supervisors.

Direct Materials Cost

The expense incurred for raw materials that are directly traceable to the production of specific goods or services.

Raw Materials Inventory

The total cost of all the parts and materials that are held in stock by a company and are used in the production process.