Today,the Primary Goal of the Value-Added Concept Is to Add

question 35

True/False

Today,the primary goal of the value-added concept is to add value by lowering the price of the product.

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Definitions:

Disposable Income

The funds that are available to households for saving and spending activities after the deduction of income taxes.

Induced Consumption

The portion of consumer spending that increases with an increase in disposable income, implying that as people earn more, they tend to spend more.

APC

In economics, it stands for Average Propensity to Consume, indicating the fraction of income that is spent.

Disposable Income

Resources households have at their disposal for saving and expenditure once income taxes have been accounted for.