Categories of Costs – Product-Based

Select a product from a product-based firm and answer these questions regarding your selection:

• Explain and discuss the six categories of costs.
• Explain and discuss how an organization can benefit from a focus on total cost of ownership.
• Explain and discuss relevant costs.
• Explain and discuss the following:
  • Downtime costs
  • Cycle time costs
  • Conversion costs
  • Non-value-added costs
  • Supply chain costs
  • Product liability costs
  • Customer satisfaction costs

Instructions:

• Your essay will require an organizational structure that includes the introduction section, conclusion section, and individual sections that address each of questions noted above. 
• Write a 3- to 4-page paper (page count doesn’t include the required title and reference pages).
• Your paper must be properly cited and formatted according to the CSU-Global Guide to Writing and APA Requirements.
• This is an individual paper and you must adhere to CSU-Global’s Re-Using and Re-Purposing One’s Own Work guidelines.
• You must support your analysis with at least four scholarly references. Sources such as Wikipedia, USA Today, Fox News, or MSNBC news do not qualify as scholarly references.