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pickupchik [31]
3 years ago
13

The overall sacrifice a consumer makes to acquire a product or service is known as

Business
1 answer:
brilliants [131]3 years ago
4 0

The overall sacrifice a consumer makes to acquire a product or service is known as <u>price</u>.

All the products and services offered in the market have a price, which is the money that the consumer or client must pay to complete the operation.

The price, at a conceptual level, expresses the value of the product or service in monetary terms and the overall sacrifice that the consumer must give to acquire said product or service.

  • Raw materials, production time, technological investment and competition in the market are some of the factors that influence price formation.

  • The increase in prices over time is known as inflation, while the opposite trend is called deflation.

Therefore, we can conclude that the overall sacrifice a consumer makes to acquire a product or service is known as price.

Learn more here: brainly.com/question/12435467

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Answer:

Demographic

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Answer:

$1,818,181.81

Explanation:

Data provided:

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3 years ago
Read 2 more answers
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