Ways That Early Manufacturers Used to Differentiate Their Products from Their

question 66

Multiple Choice

Ways that early manufacturers used to differentiate their products from their competitors' included:

• A)precise quality control techniques.
• B)advertising to put out news about the products.
• C)obtaining patents to protect exclusivity.
• D)best deals to wholesalers so their products were distributed.
• E)incentives to media to publicize their products.

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Definitions:

Variable Costs

Costs that change in proportion to the level of activity or production volume, such as raw materials and direct labor.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and are a significant part of its composition.

Actual Cost

The actual amount spent on goods, services, and labor to produce an item or to run a company.

Data Collected

The process of gathering and measuring information on targeted variables to answer relevant questions and evaluate outcomes.