Address questions $2\mathrm{.}1-2\mathrm{.}4$ below and relate them to your company. When drafting your response, specify $($label$)$each question. You may either include the question number and$/$or use titles $($or subtitles$).$ As part of your response to each question, include examples and details that are very specific to your company and industry. Hint: Research the industry and some companies within the industry to get greater details relating to your company.

$2\mathrm{.}1$ What does the statement $$costs can be assets or expenses$$ mean? Include specific examples from your company. Use the examples to explain the sentence.

$2\mathrm{.}2.$ In your company$$s context, discuss and give specific examples of each of the following:

a$)$ Upstream costs

b$)$ Midstream costs

c$)$ Downstream costs

$2\mathrm{.}3$ Discuss at least three factors that your company considers when determining the sales price of your product$($s$)$

$2\mathrm{.}4.$ Would you consider using the JIT inventory system? Why or why not? In your response, include the advantages and disadvantages of JIT given your products and company strategies.

Step $2$: Post responses to at least two people's initial postings $($by the responses due date$)$: Post responses to at least two people's initial postings following the guidelines $($A$,$ B$,$ and C $)$below$.$ Put more weight on B and C$.$

$1.$ Acknowledge the person's post. This includes a brief acknowledgement, not a long critique.

$2.$ Build upon these posts by providing additional details, ideas, examples, and perspectives.

$3.$ Conclude with a question or new idea to further stimulate the discussion.Notes $-$ I recommend that you first type your responses in MS Word $($or a similar application$)$ as it helps you to edit easily. Paste your responses directly into the discussion forum and check alignments before submitting. Blackboard