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Activity Cost
The cost associated with a specific activity or process, used in activity-based costing to more accurately allocate overhead costs to products or services based on the activities required to produce them.
Assembly
The process in manufacturing where various components or parts are put together to form a final product.
Product Diversity
The range of different products or services offered by a company, which can influence strategies in marketing, production, and inventory management.
Product Costing
The process of determining the total cost associated with producing a product, taking into account all relevant expenses.
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