Product-Based Category of Costs, writing homework help

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ops 405 ct - 5 Option 1: Categories of Costs – Product-Based

Select a product from a product-based firm and answer these questions regarding your selection:

  • Explain and discuss the six categories of costs.
  • Explain and discuss how an organization can benefit from a focus on total cost of ownership.
  • Explain and discuss relevant costs.
  • Explain and discuss the following:
    • Downtime costs
    • Cycle time costs
    • Conversion costs
    • Non-value-added costs
    • Supply chain costs
    • Product liability costs
    • Customer satisfaction costs

Instructions:

  • Your essay will require an organizational structure that includes the introduction section, conclusion section, and individual sections that address each of questions noted above.
  • Write a 3- to 4-page paper (page count doesn’t include the required title and reference pages).
  • Your paper must be properly cited and formatted according to the CSU-Global Guide to Writing and APA Requirements. must be double spaced, 12=point times new roman font, have title and reference page and be completed according to apa requirements!
  • This is an individual paper and you must adhere to CSU-Global’s Re-Using and Re-Purposing One’s Own Work guidelines.
  • You must support your analysis with at least four scholarly references. Sources such as Wikipedia, USA Today, Fox News, or MSNBC news do not qualify as scholarly references. The CSU-Global Library is a good place to find these sources

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Explanation & Answer

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Running Head: APPLE’S IPHONE

Apple’s iPhone

Name

Course

Institution

Instructor

Date

APPLE’S IPHONE

2
Introduction

Companies either offer products or services to their clientele in the course of their
business, where users then pay for the either. More so, firms mostly offer one of the two as their
key element of business. Product-based businesses are producers who provide a physical
commodity for their customers. Such kind of business depends highly on predictability and
quality control. With the above on check, it is relatively easy for a business to sustain similar
feelings and reactions from different customers. The scope of possibilities is broader under
product-based business activities. Big companies have the capacity to mass produce products and
ship them to the rest of the world (McGrath, 2014). On the other hand, services might not be
easily availed for large groups of people, and hence, are preserved for the direct and local market
by the producer. Product-based businesses are thereby based on customer awareness and strong
branding. It is through advertising efforts that people associate with a product and then buy it.
Due to the irrationality of the decision-making in clients, products have a quick turnaround time.
Therefore, good marketing techniques can easily drive the product sales. In this paper, I will be
discussing the various types of costs associated with the product-based market industry. In
particular, I will be concerned about the iPhone as a product of a well-known product-based
company, Apple. Apple, Inc. is known worl...


Anonymous
Very useful material for studying!

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