The approach to cost reduction that studies whether components can be redesigned or standardized or made by cheaper methods of production without adversely impacting product performance is termed as ________
A) maintenance, repair, and operating (MRO)
B) product value analysis (PVA)
C) vendor managed inventories (VMI)
D) supplier performance management (SPM)
E) supplier added value effort (SAVE)
B
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Sandra, Inc. had 200 units of inventory on hand at the end of the year. These were recorded at a cost of $15 each using the last-in, first-out (LIFO) method. The current replacement cost is $11 per unit. The selling price charged by Sandra, Inc
for each finished product is $18. In order to record the adjusting entry needed under the lower-of-cost-or-market rule, the Cost of Goods Sold will be ________. A) debited by $2,200 B) credited by $2,200 C) debited by $800 D) credited by $800
Which of the following entry modes into a foreign market best serves a high-tech firm?
A. Turnkey projects B. Franchising C. Wholly owned subsidiaries D. Joint ventures E. Exporting