Match Each Item with the Correct Statement Below

question 159

Multiple Choice

Match each item with the correct statement below.
-The term _____ refers to the efforts to restore older products to like-new condition.

• A)merchandisers
• B)trade industries
• C)remanufacturing
• D)nearshoring
• E)end-use application segmentation
• F)global sourcing
• G)joint demand
• H)inelastic demand
• I)outsourcing
• J)value analysis
• K)gatekeeper
• L)commercial market
• M)reciprocity
• N)vendor analysis
• O)category advisor
• P)modified rebuy
• Q)demographic characteristics based segmentation
• R)influencers
• S)buyer
• T)customer-based segmentation

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Definitions:

Variable Manufacturing Overhead

Costs that vary with the level of production output and include expenses such as indirect materials, supplies, and utilities used in manufacturing.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on efficient operations.

Variable Overhead

Costs that vary with the level of production or sales, such as utilities or hourly wages, that are not directly tied to a specific product.

Direct Labor-hours

Sum total of hours expended by workers directly active in the manufacturing domain.