The Full Price of a Product or Service Includes All

question 37

Multiple Choice

The full price of a product or service includes all of the following EXCEPT

• A) taxes.
• B) shipping.
• C) travel costs.
• D) the price of alternative products and services.
• E) value of the consumer's time.

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Definitions:

Current Ratio

An indicator of a company's ability to meet short-term debt obligations; calculated by dividing current assets by current liabilities.

Fixed Assets

Fixed assets are long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash within a year.

Inventory Turns

A measure of how quickly inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Gross Margin

The difference between revenue and cost of goods sold, divided by revenue, expressed as a percentage.