Because of Long-Run Effects,decisions About Which of the Four Ps

question 230

Multiple Choice

Because of long-run effects,decisions about which of the Four Ps are often harder to change than decisions about the others?

• A)Product
• B)Place
• C)Promotion
• D)Price

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Definitions:

Per-unit Standards

Predetermined costs to produce a single unit of product, used in budgeting and cost control.

Direct Labor Hours

The total hours worked by employees directly involved in manufacturing products or providing services.

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected, multiplied by the standard cost per unit.

Per-unit Standards

Per-unit standards refer to the predetermined costs or metrics applied to individual units of production, aiding in budgeting and performance evaluation.