The Components of Prime Costs in the Three-Part Classification Include

question 14

Multiple Choice

The components of prime costs in the three-part classification include

• A) only direct materials costs.
• B) only direct manufacturing labour costs.
• C) both direct materials and direct manufacturing labour costs.
• D) only conversion costs.
• E) direct materials, direct manufacturing labour and conversion costs.

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Definitions:

Marketing

The activities, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Direct

Straightforward or without intermediary; often used in marketing to describe sales tactics that appeal directly to the consumer.

Traffic Generation

The process of attracting visitors to a particular website, storefront, or digital platform.

Direct Marketing

A type of advertising strategy that allows businesses to communicate directly with potential customers through various channels, such as mail, email, or phone, without intermediaries.