Question

Timothy and his wife are considering the purchase of a new car. In addition to the price, they are also considering the cost of insurance, gasoline, maintenance, finance charges, and license fees. All of these factors combined represent the _____. A) value B) price C)opportunity cost D)consumer cost E)value proposition

Answer 1

Answer:

The correct answer is D

Explanation:

Consumer cost is the cost which is described as the price of the product and also encompasses the cost of the purchase, post use cost and the use costs.

The cost or expense of the purchase comprise or involve the cost of information gathering, searching the product regarding or in relation to the product as well as the cost of obtaining or acquiring the information.

Therefore, they are considering the price and also the license fees, insurance, finance charges and maintenance. So, all of the factors states the consumer cost.