_____ Costs Represent Other Sources of Sacrifice Perceived by Consumers

question 49

Multiple Choice

_____ costs represent other sources of sacrifice perceived by consumers when buying and using a service.

• A) Penalty
• B) Forfeit
• C) Opportunity
• D) Nonmonetary
• E) Psychological

---

Definitions:

Harmful Pollutants

Substances released into the environment that can cause harm to human health, ecosystems, and the climate.

Competitive Market

A market structure characterized by a large number of sellers and buyers where no single participant can significantly influence the price of goods or services.

Interest Rates

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.