The most significant cost for a service company is

Name: The most significant cost for a service company is
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Question

Quizplus · Accepted Answer

Labor is the most significant cost for a service company because their primary output is the work performed by their employees. Unlike a manufacturing company that incurs significant costs for raw materials, equipment, and manufacturing overhead, a service company's main expense is the salaries, wages, and benefits paid to their employees.

The Most Significant Cost for a Service Company Is