Which of the following is the most significant cost for a service company?

Name: Which of the following is the most significant cost for a service company?
Brand: Quizplus
Rating: 5.0 (48 reviews)

Question

Quizplus · Accepted Answer

Labor is typically the most significant cost for a service company since the services provided usually involve the time and effort of employees. Other costs such as supplies may also be significant but are generally secondary to labor costs. Manufacturing overhead and indirect costs are more relevant to manufacturing companies.

Which of the Following Is the Most Significant Cost for a Service