Product costs used for pricing and product-mix decisions generally include:
A)design costs plus manufacturing costs.
B)distribution costs only.
C)all costs incurred along the value chain.
D)manufacturing costs only.

Question

Quizplus · Accepted Answer

Product costs used for pricing and product-mix decisions generally include all costs incurred along the value chain. This includes design, manufacturing, distribution, and any other costs associated with bringing the product to market. Focusing only on manufacturing costs or distribution costs would not provide a comprehensive understanding of the total cost of the product.

Product Costs Used for Pricing and Product-Mix Decisions Generally Include