Supplies are typically the highest cost of producing any good or service, so producers seek to cut supply costs as much as possible.

Name: Supplies are typically the highest cost of producing any good or service, so producers seek to cut supply costs as much as possible.
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Question

Quizplus · Accepted Answer

Labor is often the highest cost in producing goods or services, although this can vary by industry. Producers seek to optimize all costs, including supplies, labor, and overhead.

Supplies Are Typically the Highest Cost of Producing Any Good