An economic terminology which describes the option of mowing lawns is opportunity cost.
<h3>What is an
opportunity cost?</h3>
An opportunity cost is also referred to as alternative forgone and it can be defined as the value, profit or benefits that are given up by an individual or business firm, in order to choose or acquire something deemed most significant at the time.
In this context, we can infer and logically deduce that an economic terminology which describes the option of mowing lawns over animal rescue is an opportunity cost.
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The option that is not a primary concern when it comes to business customers making purchasing decisions is satisfaction of needs through purchases.
<h3>What are some of the concerns of business customers in making purchase decisions?</h3>
When a person is said to be making purchasing decisions, business customers often considers:
- The price
- Product quality
- The service
- Supplier relationships.
Hence The option that is not a primary concern when it comes to business customers making purchasing decisions is satisfaction of needs through purchases because that is not their scope of duty.
See full question below
Which of the following is NOT a way that business and consumer markets differ?
A) market structure and demand
B) nature of the buying unit
C) satisfaction of needs through purchases
D) types of decisions
E) decision processe
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name five influences that guide the decisions that you make.
Sound travels faster through liquids than air.
Sound travels faster through solids (that are elastic) than liquid or air.
