<em>Process costing</em><span> is used when there is mass production of similar products, where the costs associated with individual units of output cannot be differentiated from each other. In other words, the cost of each product produced is assumed to be the same as the cost of every other product. Under this concept, costs are accumulated over a fixed period of time, summarized, and then allocated to all of the units produced during that period of time on a consistent basis. When products are instead being manufactured on an individual basis, </span>job costing<span> is used to accumulate costs and assign the costs to products. When a production process contains some mass manufacturing and some customized elements, then a </span>hybrid costing<span> system is used.</span>
The plan, source, make, and deliver procedures were initially included in the SCOR framework, which eventually included the return and enable phases. This framework was created to assist standardize the vocabulary used to explain supply chain management.
<h3>What is Supply chain management?</h3>
Supply chain management (SCM) refers to the control of the movement of products and services between establishments in the commercial world. This can involve the transportation and storage of raw materials, inventories for work-in-progress and finished goods, as well as the entire order fulfillment process from the point of origin to the place of consumption. The products and services that end consumers in a supply chain require are provided via networks, channels, and node companies that are interconnected, interrelated, or linked together.
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Unlike other legal structures, the sole proprietorship requires less paperwork and is subject to few business restrictions and regulations.<span>Ownership. As the sole proprietor, the business owner makes all business decisions. ... Liability. ... Tax Liability. ... Risk. ... <span>Considerations.</span></span>
Answer:
a. Yes
b. No
Explanation:
Price discrimination refers that selling the products the same product to different customers at different prices so that they can increase their sales and profits.
A. According to the given situation, the correct answer is yes as the discounted tickets are awarded on the basis of lottery or first come on the basis of first served.
b. Now, according to the second situation, the correct answer is no as it is not an advertising item as is it within the store and has no information outside the store.