Which of the Following Objectives Do Product Value-Chain Costs Assist

question 230

Multiple Choice

Which of the following objectives do product value-chain costs assist managers in meeting?

• A)merchandise mix decisions
• B)tactical profitability analysis
• C)external financial reporting
• D)strategic design decisions

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Definitions:

Positioning

The strategy of placing a brand or product in the market to occupy a distinct place in the minds of target customers relative to competing products.

Target Market

A specific group of potential customers at whom a company aims its products and services, identified by demographic, geographic, and psychographic characteristics.

Licensing

A legal process in which one firm pays to use or distribute another firm’s resources, including products, trademarks, patents, intellectual property, or other proprietary knowledge.

International Markets

Refers to the various markets operating in different countries around the globe, where goods, services, and currencies are exchanged across national boundaries.