Increased Customer Value Achieved Through Performing R&D-Manufacturing Functions More Efficiently

question 248

Multiple Choice

increased customer value achieved through performing R&D-manufacturing functions more efficiently is referred to as __________.

• A) points of difference
• B) proficiency
• C) synergy
• D) kiatsu
• E) competitive advantage

---

Definitions:

Activity Rate

A ratio used to allocate costs to products or services based on the activities that are required to produce them.

Cost Pool

A grouping of individual costs in accounting, typically by department or service center, from which costs are allocated to products or services based on a relevant allocation base.

Overhead Costs

Expenses associated with the day-to-day running of a business that are not directly linked to the production or selling of goods and services.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and considered a part of the product’s cost.