Assigning the least favorable value to each item means to assign low values for items like units sold and price per unit and high values for costs.
A least favorable value is such a price value where a producer fearing that his product will not be able to do good in a market sets the value price of his products in the market as low values for each unit sole or price per unit. The cost of production is higher in such a case.
The strategy of least favorable value is used when making products for which the producer fears a worst-case scenario. This strategy is however not used by many businesses as each business owner is determined to make a valuable profit from products.
The question will correctly be written as:
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To get the worst-case scenario, we assign the least favorable value to each item. this means assigning low values for items like units sold and price per unit and ..............
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