Costs and supply

Question 1 of 10

A product sells for GH¢15, costs GH¢10 per unit to make, and fixed costs are GH¢5,000. What is the break-even quantity?

Question 2 of 10

Raw materials bought but not yet used are part of

Question 3 of 10

Fixed costs GH¢50,000; variable cost GH¢30/unit; price GH¢55/unit. Break-even output is

Question 4 of 10

Outsourcing means

Question 5 of 10

Unit cost is

Question 6 of 10

Ghana's One District, One Factory programme aims mainly to

Question 7 of 10

Inventory held as a safety buffer is called

Question 8 of 10

The network of suppliers, manufacturers, distributors and retailers that moves a product to customers is the

Question 9 of 10

Costs that do not change with output, such as factory rent, are

Question 10 of 10

Economic order quantity balances