Answered: A cost that changes with the level of…

A cost that changes with the level of output is called a(n) _____. Question 41 options: a) liquid cost b) independent cost c) variable cost d) indirect cost

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Concept explainers

Lean Production

The word lean refers to the “slim “that is used in manufacturing for the systematic designing that focuses on minimizing the waste in the manufacturing or production with the constant productivity of the operation. Lean manufacturing was rooted from Toyota Production system a Japanese manufacturing company that works on the approach of minimizing the non-value-added activities and making the production lean.

Question

A cost that changes with the level of output is called a(n) _____.

Question 41 options:

a)	liquid cost

b)	independent cost

c)	variable cost

d)	indirect cost

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