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Doctors Medicines MCQs Q&A

  1. designed-in costs
  2. locked-in costs
  3. value added cost
  4. non-value added cost
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1 Answers

Answer: Option 4

Kind of cost which on elimination, would not reduce perceived usefulness that customers can obtain by using market offering is known as non-value added cost. A non-value added cost is a production expense that does not increase the amount customers are willing to pay for the finished product.

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