All categories

3 years ago

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 price.

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

You might be interested in

What is the maximum amount of money an individual can sue for in san diego small claims court?

nevsk [136]

The answer is 10,000 dollars Google it for more information that's what I did

6 0

3 years ago

Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred

Naddik [55]

Answer:

Part A.

$16.75

Part B.

Variable costing income statement for 2017

Part C.

Part D.

Absorption costing income statement for 2017

Explanation:

The question is incomplete, however see explanations below

Cost per unit - Variable Costing

Only consider the Variable Manufacturing Costs

Cost per unit - Variable Costing = $16.75

Cost per unit - Absorption Costing

Consider Both Variable and Fixed Manufacturing Costs

7 0

3 years ago

Working for a nonprofit company that lacks financial resources or working for a start-up company that lacks the infrastructure a

Mashcka [7]

Working for a nonprofit company that lacks financial resources or working for a start-up company that lacks the infrastructure and discipline found in mature companies can be considered INSTITUTIONAL STRESSORS.

5 0

3 years ago

An investor deposits $2,000 per year (beginning today) for 10 years in a 4% interest bearing account. The last cash flow is rece

yKpoI14uk [10]

Answer:

$24,012.21

Explanation:

Calculation for What is the investor's future balance after 10 years

Using financial to find the FV which represent future value

N 10 years

I/Y 4%

PV 0

PMT $2,000 per year

FV ?

Hence:

FV = $24,012.21

Therefore the investor's future balance after 10 years will be $24,012.21

4 0

3 years ago

What is Eduloan and is it a good choice is it affordable...Why should we choose Eduloan and how does it work

Gekata [30.6K]

Yes it is affordable however I don’t know what eduloan is

6 0

3 years ago