Week 4 Interactive activity – MGT-322
Description
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Explain the concept of value and its implications for managing the supply chain.
Explain how logistic costs can be managed for better value creation.
4.2 Action Required:
he following table shows various costs incurred by a manufacturing company:
Cost
Variable cost
Fixed cost
Depreciation
Cost of shipping finished goods to customers
Wood used in manufacturing furniture
Manageràsalary
Electricity used in manufacturing furniture
Packing supplies for shipping products
Sand used in manufacturing concrete
Supervisoràsalary
Advertising costs
Executiveàlife insurance
4.3 Test your Knowledge (Question):
nswer with a tick mark or write in words which is a fixed cost, and which one is a variable cost.
4.4 Instructions
Answer the question in the test your knowledge section.
Post your answer on the discussion board using the discussion link below
Purchase answer to see full
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