Service-Sector Companies ________

question 83

Multiple Choice

Service-sector companies ________.

• A) do not produce tangible products but cost accounting is still utilized in service firms.
• B) do not manufacture a product and therefore do not apply or adapt cost accounting to their operations.
• C) purchase and then sell tangible products by changing their basic form and therefore need cost accounting.
• D) purchase merchandise then sell it without changing its basic form and therefor do not need cost accounting systems.

Understand the ethical considerations in pricing during sensitive situations, such as natural disasters.

Analyze the effectiveness of advertising campaigns on product pricing and market positioning.

Understand the concept of price discrimination and its application in various business contexts.

Identify the conditions necessary for price discrimination to be effective.

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Definitions:

Green Supply Chain Management

Utilises practices designed to reduce the environmental impact of the supply chain.

Inventory Management

The supervision of non-capitalized assets (inventory) and stock items, focusing on ordering, storing, and using the company's inventory.

Supply Chain

The entire network of entities, directly or indirectly interlinked and interdependent in serving the same consumer or customer.

Systems Bottlenecks

Systems bottlenecks are points of congestion in a system where the flow of data or processes is delayed or halted, leading to inefficiency and potential loss of productivity.