In value chain analysis, the coordination, acquiring and assembling of resources to produce a product is classified as _____________?
Correct answer: C. production
- A. resourcing
- B. value acquiring
- C. production
- D. value acquaintance
Explanation
Production covers coordinating and assembling resources such as materials, labour and equipment to create goods or services. The other choices are not recognised value-chain activity names in this context.
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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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