Which step in the revenue process determines the marketing and distribution channels to generate sales?
What is the first step of the revenue process?
100
Which step of the conversion process schedules and decides what products and at what quantities they should be manufacturing?
What is the first step of the conversion process?
100
Which step of the expenditure process is the purchasing department, where the need for goods and services are determined, apart of?
What is the first step of the expenditure process?
100
If the supply increases what happens to the price of products?
When does price of products decrease?
100
When variable costs increase what happens to the contribution margin?
When does contribution margin decrease?
200
Which step of the revenue process receives and accepts orders?
What is the second step of the revenue process?
200
Which step of the conversion process obtains direct materials used in production?
What is the second step of the conversion process?
200
Which step of the expenditure process is the selection process, or determining what you’re going to use and where to buy supplies, apart of?
What is the second step of the expenditure process?
200
If the supply decreases what happens to the price of products?
When does price of products increase?
200
When variable costs decrease what happens to contribution margin?
When does contribution margin increase?
300
Which step of the revenue process delivers goods and services to customers?
What is the third step of the revenue process?
300
Which step in the conversion process uses labor and other manufacturing resources to make products?
What is the third step in the conversion process?
300
Which step in the expenditure process receives the goods?
What is the third step in the expenditure process?
300
If the demand increases what happens to the price of products?
When does the price of products increase?
300
When fixed costs increase what happens to contribution margin?
When does contribution margin decrease?
400
Which step in the revenue process receives payments from customers?
What is the fourth step of the revenue process?
400
Which step in the conversion process stores the finished product in a safe place until they are ready to be shipped?
What is the fourth (last) step in the conversion process?
400
Which step in the expenditure process pays for the goods?
What is the fourth (last) step of the expenditure process?
400
If the demand decreases what happens to the price of products?
When does the price of products decrease?
400
When fixed costs decrease what happens to contribution margin?
When does contribution margin increase?
500
Which step in the revenue process provides customer support?
What is the fifth (last) step of the revenue process?
500
What are the costs that are incurred in connection to the conversion process?
What are product costs?
500
What is a commercial document and first official offer issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services?
What is purchase order?
500
What is setting a low initial selling price to drive out competitors from the market?
What is predatory pricing?
500
What are the costs that reside in the factory where the products are made but they’re not directly associated with a particular product?