Manufacturing firms produce intangible products that cannot be inventoried.
a.True
b. False
Answer :False
Service firms Prodcue the intangible prodcuts whereas manufacturing firms Prodcue the Tangible products . Manufctruing Firm Produce the Goods not the Services .
Manufacturing firms produce intangible products that cannot be inventoried. a.True b. False
Manufacturing and Service Firms In general, firms can be divided into manufacturing and service firms. Manufacturing firms make a tangible product. They need to determine product costs for both inventory valuation and the calculation of cost of goods sold. The cost of inventory appears on the , and the cost of goods sold appears on the . (Wholesale or retail firms purchase a product that is already manufactured. The cost of such products, which are tangible, are carried at that...
A heap must be a full binary tree. A.True B. False
An example of a secular trend is the cholera outbreak in the mid-1800s, discovered by John Snow. a.True b. False
a.TRUE or FALSE- As a manufacturer we only need to be concerned with our 1st Tier Suppliers - they will take care of our 2nd Tier Suppliers, True False b. TRUE or FALSE - As a manufacturer, we can establish a successful collaboration with our distribution partners and still keep our capacity information to ourselves. True False c. A company whose success is a result of successful execution of the production strategy of postponement is Ikea. Zara. Apple. General Mills....
1. Products are usually either business or consumer products and cannot be both. (True) or (False) ? 2. Firms sometimes decide to discontinue a product even when that product is still profitable for the firm. (True ) or (False) ? 3. Market development refers to marketing an old (i.e., existing) product in a new market. (True) or (False) ? 4. It is a good idea to place loss leaders at the very front of the store so that consumers can...
Question 3 While physical products can be imported and exported, intangible services cannot be exported because they are not quantifiable. Not yet answered Marked out of 2 P Flag question Select one: O True O False Question 4 A domestic firm that operates exclusively within the borders of its own nation is unaffected by international business. Not yet answered Marked out of 2 Select one: O True P Flag question 0 False Question 5 The tern FDI stands for Not...
Which of the following statements is false? a. JIT is limited to manufacturing firms. b. One feature of JIT production is demand-pull. c. Downstream work stations are the driving force of JIT production. d. JIT involves eliminating non-value-added activities.
1.Consider an industry with only two firms that produce identical products. Each of the firms only incurs a fixed cost of $1000 to produce and marginal cost is 20. The market demand function is as follows: Q=q1+q2=400-P a. Assuming that the firms form a cartel, calculate the profit-maximizing quantity of output, price and profits b. If the firms choose to behave as in the Cournot model, what would be the profit- maximizing quantities of output, price and profits? c. if...
Firms should use a process costing system when they produce products that: Multiple Choice Pass through a series of inspection points. Have a small batch size. Pass through a series of manufacturing departments. Are semi-homogeneous.
Manufacturing costs are costs that related to the manufacture your products but CANNOT be traced directly to the unit product. As I always said, it included all the costs that related to the factory that incurred in producing the products. Eventhough manufacturing overhead cannot be traced directly to the unit product, why it is still important to be included in the total production cost? Please share your idea here.