Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 2 - An Introduction to Cost Terms and Purposes - Assignment Material - Exercises - Page 58: 2-24(1)

Answer

a. Design of product and process- Identify customer needs(what they need), Design a prototype of the RMC smartphone, Make design changes to the smartphone based on customer feedback. b. Production- Manufacture the RMC smartphone c. Marketing- Perform market research on competing brands, Market the new design to cell phone companies, d. Distribution- Process orders from cell phone companies, Package the RMC smartphones, Deliver the RMC smartphones to the cell phone companies. e. Customer Service- Provide online assistance to cell phone users for use of the RMC smartphone

Work Step by Step

Design of Product and Services- Activities which are related to understanding customer needs, making prototypes, making or changing designs in regard to feedbacks. Production- Activities related to manufacturing (ie; smartphone manufacturing) Marketing- Activities related to promotion of product, sales of a product, marketing research etc. Distribution- Activities related to handling orders, packaging and transportation. Customer Service- Activities related to providing customer support and handling greivances.
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