Unsought Products

question 203

Multiple Choice

Unsought products:

• A) require wide distribution but little promotion.
• B) are generally unprofitable.
• C) should not be marketed.
• D) All of the above are true.
• E) None of the above is true.

Recognize the importance of cost classification in management practices for service entities.

Identify commonalities and differences in the value chains of service firms and merchandising entities.

Understand overhead cost components in service firms and their implications on pricing and cost management.

Understand the importance of managing service costs in service businesses for monitoring efficiency and planning resource requirements.

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Definitions:

Fiscal Accurate

Pertaining to financial matters, being precise and correct in the context of financial reporting or budgeting.

Basic Resources

Fundamental materials, services, and supports needed for individuals or communities to function and thrive.

Socially Expected

Behaviors or norms that are anticipated and considered normal within a society or group.

Family Norms

Social rules or standards shared within a family group, guiding behaviors and expectations among its members.