Companies Are Creating ________

question 62

Multiple Choice

Companies are creating ________.

• A) More specialized products that address the demands of smaller groups
• B) More generic products aimed at broad market swatches
• C) More engineered products that work across many different platforms
• D) More customized bargain goods that are easy to harvest
• E) None of the above

---

Definitions:

Revenue Variance

The difference between actual revenue earned and the expected (or budgeted) revenue.

Spending Variances

The difference between the actual amounts spent and the budgeted amounts for various categories, used in budgetary control and analysis.

Spending Variance

The difference between the actual costs incurred and the budgeted or planned costs, often analyzed to manage and control company spending.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and constitute a significant portion of the production cost.