________ refers to the value given to finished products.
A) Utility
B) Production management
C) Facility layout
D) Facility utility
E) Unit cost

Question

Quizplus · Accepted Answer

Utility refers to the usefulness or satisfaction that a consumer gets from using or consuming finished products. The value of a finished product is derived from the utility that it provides to the customer. Therefore, utility is a key factor in determining the value of finished products.

________ Refers to the Value Given to Finished Products