1. Describe the basic differences in marketing tangible from intangible products.
Also, think about your current/past employer (or any company of your choice). 2. Provide a brief overview of the company, including whether it is a service, retail, or manufacturing company. Identify some of the expenses that are incurred by the company and determine how each of these expenses would be classified using the terminology below.
3. Then discuss why these cost classifications are important in Managerial Accounting?