"Value Added" Has Been Defined As

question 20

Multiple Choice

"Value added" has been defined as:

• A)decreasing the price of a food item to increase its perceived value.
• B)increasing value of food through manufacturing and processing.
• C)increasing the quality of a product compared to its price.
• D)increasing the price of a product in relation to its cost to add value to the product.

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Definitions:

Production Estimates

Projections or forecasts of the volume or quantity of goods that a company plans to manufacture in a given period.

Units

In the context of business, units refer to the individual items or quantities of a product or service that are produced or sold.

Production Budget

An estimation of the total costs to produce a set amount of goods over a specific period.

Units

In accounting and manufacturing, this refers to the individual countable items or quantities of a product or service that a company produces or transacts in.