Pressures for ___________ Imply That It May Not Be Possible

question 6

Multiple Choice

Pressures for ___________ imply that it may not be possible for a firm to realise the full benefits from experience curve and location economies.

• A)government approval
• B)consumer guidance
• C)national recognition
• D)reducing costs

---

Definitions:

Absorption Costing

A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in unit product costs.

Manufacturing Costs

The total expense involved in the manufacture of a product, including direct materials, direct labor, and manufacturing overhead.

Product Costs

Costs that are directly attributable to the creation of products including direct labor, direct materials, and manufacturing overhead.

Lean Production

A management approach that organizes resources such as people and machines around the flow of business processes and that only produces units in response to customer orders.