The Question, "What Unique Product Does the Customer Expect from the Project

question 89

Short Answer

The question, "What unique product does the customer expect from the project?" is an example of a(n) _____ constraint.

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Definitions:

Markup

The amount added to the cost price of goods to cover overhead and profit, determining the selling price.

Total Cost Method

A cost-plus method of price setting in which all the costs of manufacturing the product plus the selling and administrative expenses are included in the cost amount to which the markup is added.

Manufacturing Cost

The total expense incurred in the process of producing a product, including direct labor, direct materials, and overhead costs.

Desired Profit

The target profit a company or individual aims to achieve in a specific period.