In the context of operations management, a product does not include intangible features.
Answer the following statement true (T) or false (F)
False
A product consists of all of the tangible and intangible features (sometimes called the customer benefit package) that create value for consumers by satisfying their needs and wants. See 17-2: What Do Operations Managers Do?
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Perkey Corporation has provided the following information: Cost per UnitCost per PeriodDirect materials$5.00 Direct labor$2.90 Variable manufacturing overhead$1.25 Fixed manufacturing overhead $21,000 Sales commissions$1.00 Variable administrative expense$0.55 Fixed selling and administrative expense $7,500 If 4,000 units are produced, the total amount of direct manufacturing cost incurred is closest to:
A. $31,600 B. $36,600 C. $35,600 D. $53,400
Use Scenario 11.2 to answer this question. In order to keep their suppliers happy, the company assembling the end item wants to make sure they build enough product to order at least one of each of the components on the lowest level of the BOM
What number of end items will make that happen? A) 8 B) 10 C) 13 D) 16
Financial planning takes place in a dynamic economic environment created by the actions of the government, business, and consumers.
Answer the following statement true (T) or false (F)
RFID, which stands for Radio Format Identification, is a wireless technology used widely to tag a device for tracking and monitoring purposes
Indicate whether the statement is true or false