The Costs That Include Design, Material, Manufacturing, Packaging, and Other

question 99

Multiple Choice

The costs that include design, material, manufacturing, packaging, and other costs before a sale can be made to the customer is referred to as:

• A)customer directed costs
• B)presales costs
• C)cost of goods sold
• D)operating costs

Understand the conditions and outcomes of competitive price-searcher markets in both short-run and long-run equilibriums.

Analyze the effects of market adjustments (entry and exit of firms) on prices, demand, and economic profits in competitive price-searcher markets.

Describe the decision-making process of firms regarding output, pricing, and profit maximization in competitive price-searcher markets.

Identify the impact of economic profits, losses, and zero economic profits on firm behavior and market structure.

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Definitions:

Outcomes-to-Inputs Ratio

A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments.

Expectancy

A person’s belief that working hard will result in high task performance.

Desired Level

The specific goal or standard of achievement that individuals or groups aim to reach.

Task Performance

The execution and completion of job-related activities, often measured against expected outcomes or standards.