The sum of all costs (variable and fixed)in a particular business function of the value chain,such as manufacturing costs or marketing costs,are called ________ costs.
A)relevant
B)opportunity
C)business function
D)sunk

Question

Quizplus · Accepted Answer

Business function costs include both fixed and variable costs relating to a specific function in a value chain, such as manufacturing or marketing. Relevant costs refer to costs that are specific to a particular decision, opportunity costs refer to the value of the next best alternative forgone, and sunk costs are costs that have already been incurred and cannot be recovered.

The Sum of All Costs (Variable and Fixed)in a Particular