Classify Each of the Following Business Costs into One of the Six

question 34

Essay

Classify each of the following business costs into one of the six value chain elements.
A. cost of a commercial during a TV program
B. cost of shipping goods to customers
C. costs associated with repairing products under warranty
D. costs of developing a new product
E. cost of making a prototype of a new product
F. cost of labor for machine operator in factory

Grasp the concept of budgeting for inventory needs and managing cash to maintain desired inventory levels.

Apply knowledge of sales projections to determine the related costs of goods sold and the required inventory purchases.

Calculate the ending cash balance for a given period based on projected sales, expenses, and cash management policies.

Appreciate the role of credit sales and purchases on a company’s cash flow and working capital requirements.

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Definitions:

Self-Awareness

The conscious knowledge of one’s own character, feelings, motives, and desires, being aware of oneself as an individual.

Influences Other People

The capacity or ability to affect others' thoughts, actions, or decisions through various means, such as persuasion, example, or authority.

Social Needs

Fundamental human requirements for interaction and belonging within a community or society.

Emotional Support

Assistance provided through empathy, care, and concern, helping individuals cope with emotional distress and fostering emotional well-being.