An engineering of products or detailed planning of products or services is called ___________?
Correct answer: D. product design
- A. value added
- B. research steps
- C. useful chain
- D. product design
Explanation
Product design is the engineering and detailed planning stage in which the features, specifications, and production requirements of a product or service are determined. Value added is an outcome or economic concept, not the design activity itself.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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