Why do prices increase when demand for a product is high? Companies know they can make more money by selling fewer products at higher prices.
Companies know that people will be willing to spend more to get an in-demand product.
Companies take advantage of the demand to make people spend more money on excess p
Companies know they can stop production and still make money on sales.
Ο Ο

Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.