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Perry is looking at his budget alongside his requirements for a new computer. He does not have a lot to spend, but he wants to get as much for his money as he possibly can; and he wants to be very confident that the choice he is making is well-informed.
-Which of the following would NOT be true of computers priced higher than $1,200?
Retail Prices
The price at which goods and services are sold to the final consumer for personal use.
Mark-ups
Additional charges applied to the cost of products to accommodate for overhead costs and profit margins.
Cost
The cost is the value exchanged, often monetary, to acquire goods or services, encompassing expenses such as purchase price, production, and overheads.
Selling Price
The amount of money for which a product or service is sold, which can include costs and profit margins.
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