The Sum of All Costs Incurred in All Business Functions

question 107

Multiple Choice

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

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

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Definitions:

Managed Electronically

The process of organizing, controlling, or conducting operations using digital technology and electronic devices.

Environmental Scan

An analysis method that examines the internal and external environments of an organization to identify opportunities and threats.

External Environment

The external factors, including economic, legal, political, social, technological, and competitive elements, that influence an organization's operations.

Environmental Factor

An external element that can influence the performance and outcomes of an organization, including economic, social, technological, political, and natural conditions.