Which of the Following Statements About Value Benefits Is False

question 28

Multiple Choice

Which of the following statements about value benefits is false?

• A)They display characteristics related to the nature of the product or service itself.
• B)Things like quality,fashion,and reputation are elements that give a product value in the eyes of the customer.
• C)They are important because they are almost always what lead to higher prices and higher profits.
• D)They refer to the ways by which a firm can keep costs low for the customer.

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Definitions:

Weighted-Average Process

A costing method used in manufacturing, blending the costs of all units produced in a period, regardless of when they were started or finished.

Work In Process

Units of product that are only partially complete and will require further work before they are ready for sale to the customer.

Beginning Of Production

The stage at which a manufacturing or production process commences.

Weighted-Average Method

An inventory costing approach that assigns a weighted average cost to each unit of inventory, used in valuing the cost of goods sold and ending inventory.