Finance Questions
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Costs directly liked with manufacturing (materials, labour)
Integrates customer relation management (CRM), human resources, financials and data.
Costs that have already been incurred and cannot be changed.
Day to day cost of business, requires minimal immediate outlay.
Offering a product or service that is perceived as unique in the market.
Focussing on offering products and services to a particular market segment or buyer group.
Cost that vary with production/output. Are constant per unit.
Income forgone when deciding between two alternatives
Manages data, reduces physical resources requirment.
Can be identified with, or traced to, a particular cost object in an economic manner.
Provides applications for standards, requires less infrastructure
Offering the same or better quality product at a lower price than the competition is capable of.
Orders, information, payments, returns
Profit before net interest and taxation
Any large permanent purchase by a company, requires immediate outlay.
Common costs that are assigned to a product/activity
Reach new customers, offer new products
Recording transactions in the period they occur, regardless of cash exchange
Cannot be identified with, or traced to, a particular cost object in an economic manner.
Systematic allocation of cost to a tangible asset over its useful life