In the Business Brief for India in a Box, the Owner

question 85

Multiple Choice

In the business brief for India in a Box, the owner placed the following under Actions Taken:

• A)product, co-packers, supply chain, sales
• B)startup plan, business loans, founding team
• C)product, market suppliers
• D)legal setup, product, target market description

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Definitions:

Cost Object

An item, activity, or project for which a separate measurement of costs is desired.

Service Industries

Sectors that provide non-physical goods or services to consumers or other businesses.

ABC

Activity-Based Costing, a methodology that assigns overhead and indirect costs to related products and services based on their use of resources.

Traditional Product Costing

A costing method that assigns manufacturing overhead costs to products based on volume-related measures such as direct labor hours or machine hours.