When Prices Are Rising Quickly, Retailers Will Have to Constantly

question 41

Multiple Choice

When prices are rising quickly, retailers will have to constantly change their prices. The cost incurred in changing prices is called a(n) _____.

• A) fixed cost
• B) implicit cost
• C) menu cost
• D) out-of-pocket cost

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Definitions:

Training Site

A designated place where individuals receive instruction and practice in a particular skill or profession under supervision.

Employee

An individual who is hired by an employer to perform designated tasks in exchange for compensation.

Employment References

Professional contacts or prior employers who can vouch for a job applicant's work ethic, skills, and experiences.