Which of the Following Statements Does Not Accurately Characterize Place

question 92

Multiple Choice

Which of the following statements does not accurately characterize place decisions?

• A) Place decisions involve stocking the right quantities of products.
• B) Place decisions involve identifying appropriate locations for products.
• C) Place decisions must analyze when customers will want or need products.
• D) Place decisions typically involve channel partners.
• E) Place decisions are easier to change compared to price, promotion, and product decisions.

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Definitions:

Direct Labor-hours

The whole amount of production time by workers intimately involved in manufacturing.

Variable Manufacturing Overhead

Indirect manufacturing costs that fluctuate with production volume, such as utilities and indirect materials.

Standard Costing System

is an accounting method used to estimate the cost of production, based on standard costs for materials, labor, and overhead, for the purpose of budgeting and cost control.

Standard Machine Setups

Predetermined procedures and settings used to configure machinery for production runs, aimed at optimizing efficiency and quality.