The kind of cost which on elimination, would not reduce the perceived usefulness that customers can obtain by using the market offering is known as ___________?

Related Mcqs:

1. If cost is eliminated, then reducing the perceived usefulness that customers can obtain by using the market offering will come under _____________?

   A. designed-in costs
   B. locked-in costs
   C. value added cost
   D. non-value added cost

2. An estimated price, which is expected to be paid by customers for particular market offering is classified as __________?

   A. target price
   B. target cost
   C. outsource price
   D. off shore price

3. The systematic evaluation of value chain, to reduce costs and high quality, to achieve satisfied customers is known as __________?

   A. reverse engineering
   B. value engineering
   C. target engineering
   D. operation engineering

4. The step by step business functions, in which product or services must have customer usefulness, is classified as ___________?

   A. value chain
   B. useful chain
   C. product chain
   D. services chain

5. The practice by seller, about offering same product at different prices, to the different customers is known as __________?

   A. price incurrence
   B. price discrimination
   C. price targeting
   D. price engineering

6. An ability of an organization, to offer its services or products that must be perceived by customers as unique and superior, in comparison to its competitors is called __________?

   A. inelastic demand
   B. product differentiation
   C. cost leadership
   D. elastic demand

7. The technique, which accumulates and tracks revenues of business function in value chain attributed to each market offering from R&D to final customer support is called ___________?

   A. product life cycle
   B. life cycle budgeting
   C. life cycle costing
   D. target costing

8. If the cost of indirect support labor is $5000, equipment maintenance setup cost is $7000 and machinery leasing cost is $4000 then variable fixed cost will be ___________?

   A. $16,000
   B. $12,000
   C. $18,000
   D. $21,000

9. The division of all the costs related to customers on the basis of different cost allocation bases or cost drivers are called ___________?

   A. customer cost hierarchy
   B. customer profitability hierarchy
   C. treasury costing hierarchy
   D. partial costing hierarchy

10. The division of all the costs related to customers on the basis of different cost allocation bases or cost drivers are called ___________?

    A. customer cost hierarchy
    B. customer profitability hierarchy
    C. treasury costing hierarchy
    D. partial costing hierarchy