A Durable Good

question 5

Multiple Choice

A durable good

• A) has a life span of more than 3 years.
• B) is used up within 3 years.
• C) applies only to services.
• D) is an intangible commodity.

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Definitions:

Shortage Costs

The costs associated with not having enough inventory on hand, which can include lost sales and customer dissatisfaction.