______ is the cost of searching for new or improved products, new application of materials, or new or improved methods. Posted on:
________ is cost of process which begins with the implementation of the decision to produce a new or improved product or employ a new or improved method and ends with the commencement of formal production of that product or by the method. Posted on:
______ is the part of development cost incurred in making a trial production as preliminary to formal production is called pre-production cost. Posted on:
________ is the level of inventory at which it becomes necessary to place order for new supply Posted on:
________ is the quantity of materials an organization will purchase at a time to enjoy economy of scale i.e. transport cost, bulk discount, ordering cost, holding cost, etc. Posted on:
________ is the amount of time it takes for the material to be delivered from the supplier after an order has been placed. Posted on:
_______ are costs of seeking new ideas, materials, methods of production and improved products and the development and design of such ideas so that they can be applied to formal production. Posted on: