Explain and discuss the six categories of costs as it relates to selection.

Select a service-based industry and answer these questions as it relates to selection:

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

Instructions:

  • essay will require an organizational structure that includes the introduction section, conclusion section, individual sections that address each of questions note above.
  • Write a 3- to 4-page paper (page count doesn’t include the required title and reference pages).
  •  paper must be properly cited and formatted according APA guidelines
  •  support your analysis with at least four scholarly american references.