Holding costs and procurement/manufacturing costs are both functions of the unit cost of the item.

Name: Holding costs and procurement/manufacturing costs are both functions of the unit cost of the item.
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

Holding costs and procurement/manufacturing costs are components of the total cost of an item, which ultimately contributes to the unit cost of the item. Therefore, both are functions of the unit cost of the item.

Holding Costs and Procurement/manufacturing Costs Are Both Functions of the Unit