Define direct cost
What will be an ideal response
A direct cost is a cost that can be easily and cost-effectively traced to a cost object.
Business
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Procter & Gamble dropped the price of Pringle Potato Chips due to price competition and consumer demand. As a result of the price reduction, Procter & Gamble increased unit sales and earnings by 10 percent due to which of the following?
a. market share fluctuations b. increases in both supply and demand c. elasticity of demand d. price wars with other snack food makers
Business
High tariffs lead to more production locations within a supply chain network, with each location having a lower allocated capacity
Indicate whether the statement is true or false.
Business