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Moment of truth is the critical moment in a service transaction where the customer's expectations are either met, exceeded, or disappointed.
Manufacturing Overhead
Every supplementary cost related to the manufacturing process, apart from direct materials and labor expenses.
Manufacturing Overhead
All indirect costs associated with manufacturing, such as maintenance, utilities, and management salaries, not directly tied to the production of goods.
Prime Cost
The combined direct costs of raw materials and labor that are directly attributable to the production of a product.
Direct Labor Cost
The wages paid to workers directly involved in production or service delivery, constituting a major component of a product's cost.
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