For a service firm,labor and materials comprise the largest portion of the cost of the service provided.

Name: For a service firm,labor and materials comprise the largest portion of the cost of the service provided.
Brand: Quizplus
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Quizplus · Accepted Answer

Service firms typically rely heavily on skilled labor to provide their service, and may also require certain materials or equipment in order to perform the service. Therefore, labor and materials are often the primary cost drivers for service firms.

For a Service Firm,labor and Materials Comprise the Largest Portion