business exists only to earn profits by providing goods and services to the customers. According to the modern concept, the underlying objective of every business is customer satisfaction as this is what results in most profits. If the customer is satisfied, the business excels. something about Business goals is a predetermined target that a business or individual plans to achieve in a set period of time. These goals are often split into short-term goals and long-term goals. Business goals can be general and high level, or they can focus on specific measurable actions. One of the reasons businesses succeed is that they reach consumers first. The fastest companies to market have the best access to customers. ... It's much easier to dominate a market without competitors. If you are first to market, you are more likely to succeed, even if your product or service is substandard.
Answer:
C. It considers fixed manufacturing overhead cost as product costs.
Explanation:
The statement that is true of absorption costing is that it considers fixed manufacturing overhead cost as product costs.
Absorption costing uses the concept of cost drivers to ascertain the quantum of fixed manufacturing overhead cost a product generates, and ties that fraction to the product as its own cost.
By so doing, what would ordinarily have been periodic costs that will be apportioned among products become fixed costs that are directly traceable to those products.
Answer:
The answer is (A) knowledge management system.
Explanation:
A knowledge management system is a type of system used to create, share, use, and manage the knowledge and information of an organization. It is used to manage documentation of information in a company, which can include information about products they manufacture, how to execute services that the company provides, how the company operates, and so on.
Answer:
1. Nature of commodity
2. Availability of substitutes
3. Income level
4. Postponement of consumption
5. Number of uses
6. Share in total Expenditure
7. Time period
Explanation:
