Average Fixed Cost Is

question 5

Multiple Choice

Average fixed cost is

• A)the sum of variable and fixed costs
• B)total cost minus variable cost
• C)variable cost plus marginal cost
• D)total fixed cost per unit of output
• E)constant as output changes

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Definitions:

Supplier Scoring

A method used to evaluate and rank suppliers based on various performance metrics to ensure quality and reliability in procurement.

Supplier Selection

The process of evaluating and choosing suppliers based on criteria such as price, quality, delivery time, and service, ensuring the best compatibility and value for the purchasing organization.

Supplier Scoring

A method used to rate and evaluate the performance of suppliers based on various criteria such as delivery time, quality, and cost.

Procurement

The process of finding and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.