The Desire for a Good or Service Is Called __________

question 63

Short Answer

The desire for a good or service is called __________.

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Definitions:

Rental Charges

Fees incurred for the use of property or equipment that is not owned, usually on a periodic basis such as monthly or yearly.

Machine Hour

A unit of measure representing one hour of operating time for a machine, used in allocating manufacturing costs.

Fixed Cost

Operating expenses that do not change in proportion to the level of production or sales activity, such as rent or salaries.

Variable Costs

Expenses that fluctuate in proportion to the activity of a business.