Explain the Difference Between Primary Demand and Selective Demand

question 256

Essay

Explain the difference between primary demand and selective demand.

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Definitions:

Responsibility Accounting System

A system of accounting that segments financial data and operational data by areas of responsibility, facilitating monitoring and assessment of individual departments or managers.

Responsibility Center

A segment within an organization with its own budgets and financial targets, where the managers are accountable for its performance.

Evaluation Process

A systematic method to assess the performance, value, or impact of an object or effort through defined criteria and measures.

Performance Report

A document that compares actual performance against planned or standard performance to assess deviations and efficiency.