The Sum of All Costs Incurred in All Business Functions

question 207

Multiple Choice

The sum of all costs incurred in all business functions in the value chain (product design, manufacturing, marketing, and customer service, for example) is known as the:

• A)business cost
• B)full product cost
• C)gross product cost
• D)multiproduct cost

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Definitions:

Sensory Adaptation

The process by which sensory receptors change their sensitivity to a stimulus over time, often resulting in diminished sensitivity to a constant stimulus.

Constant Movement

Continuous physical activity or motion without stopping.

Eyes

The organs of vision that respond to light and allow for vision.

Just Noticeable Difference

The minimal change in a stimulus that can just barely be detected by an organism.