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What are meant 'bought in costs'?
what does bought in costs mean
What is meant by the phrase different cost figures for different purpose?
they differ over range of costs included current and future costs assumed the frequently product costing information is required
What is meant by sundry charges?
Miscellaneous small or infrequent costs that are not assigned to individual ledger accounts but are classified as a group.
What is the goal of setting a realistic standard cost?
The goal of the personnel responsible for setting standard costs is to provide realistic standards. Only standards perceived to be reasonable are likely to motivate workers to adhere to what is prescribed.
What is meant by product costing accuracy?
Product cost accuracy is a term used in the accounting field. It essentially defines the amount of money it actually costs to produce a product.
What is meant by equivalent perceived noise level?
extremely loud
What is the difference between the prospective customer's evaluation of all the benefits and all the costs of an offering and the perceived alternatives?
Customer perceived value
What are meant 'bought in costs'?
what does bought in costs mean
What is meant by perceived value of an item?
An approximate value in terms of Money that is guesstimated.
What is the third principle of the GASB?
To establish standards only when the expected benefits exceed the perceived costs.
What is meant by 'bought in costs'?
it means when you buy something in profit
What does it mean to call someone a bag of donuts?
It is a pejorative term meant to deride the person or their perceived intelligence (or lack of).
What is 'value and satisfaction' in marketing?
The buyer chooses between different offerings on the basis of which is perceived to deliver the most value. Value reflects the perceived tangible and intangible benefits and costs to customers. Satisfaction reflects a person's comparative judgment resulting from a product's perceived performance (or outcome) in relation to his or her expectations.
Consumer perceived value?
The consumer perceived value or simply as value in marketing is the difference between the costs of one product when compared to others and evaluation of the benefits of perspective customer. This value needs to be taken into account when setting prices.
What is meant by the phrase 'different costs for different purpose'?
they differ over range of costs included current and future costs assumed the frequently product costing information is required
What is perceived value?
The customer's evalution of the difference between all the benefits and all the costs of a market offering relative to those of competing offers.
What is Customer perceived value?
The customer's evalution of the difference between all the benefits and all the costs of a market offering relative to those of competing offers.
