Which of the Following Is Not a Potential Benefit of Partnerships

question 53

Multiple Choice

Which of the following is not a potential benefit of partnerships in product and supply chain costs? 

• A) Time-to-market reduction. 
• B) Reduction in materials costs. 
• C) Reduction in labour costs. 
• D) Reduction in process costs.

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the expected cost based on standard pricing, used to evaluate cost management.

Purchasing Department

A division within a business that is responsible for acquiring goods and services needed for operations.

Standard Cost

A predetermined cost of manufacturing a product or providing a service, used for budgeting and performance evaluation.

Predetermined Cost

An estimated cost calculated in advance of production, used for budgeting and cost control purposes.