When Purchasing a Product,the Consumer Is Actually Buying Its Anticipated

question 44

Multiple Choice

When purchasing a product,the consumer is actually buying its anticipated benefits and

• A) satisfaction.
• B) price.
• C) costs.
• D) productivity.
• E) form.

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Definitions:

Estimated Cost

An approximation of the future cost of producing a product, completing a project, or maintaining a service.

FICA Taxes

Taxes paid by both employees and employers to fund Social Security and Medicare, based on a percentage of the employee's earnings.

Federal Unemployment Taxes

Taxes levied by the federal government on employers to fund state workforce agencies and unemployment insurance.

State Unemployment Taxes

Taxes imposed by state governments on employers, based on the amount of wages paid to employees, to fund unemployment compensation benefits.