Value-added costs
A) Must be eliminated
B) Include the costs of repairing defective units of production
C) Are costs that a customer is willing to see incorporated into the product's price
D) Do not need to be monitored because they increase the product's value

Question

Quizplus · Accepted Answer

Value-added costs are those that enhance the value of a product or service in the eyes of the customer, and they are willing to pay for these costs as part of the product's price.

Value-Added Costs