Which of the following best explains 'price/cost control'?
A) The continuous monitoring and evaluation of process and price increases as they are charged by suppliers.
B) The continuous monitoring and evaluation of activities initiated to reduce costs.
C) The continuous monitoring of quality of supplied orders.
D) The continuous monitoring of suppliers.

Question

Which of the following best explains 'price/cost control'? 
A) The continuous monitoring and evaluation of process and price increases as they are charged by suppliers. 
B) The continuous monitoring and evaluation of activities initiated to reduce costs. 
C) The continuous monitoring of quality of supplied orders. 
D) The continuous monitoring of suppliers.

Quizplus · Accepted Answer

The correct answer is A because price/cost control involves monitoring and evaluating process and price increases as they are charged by suppliers.

Which of the Following Best Explains 'Price/cost Control