__________ Can Be Defined as the Quality and Quantity of Products

question 36

Multiple Choice

__________ can be defined as the quality and quantity of products available to people and how these goods are distributed over the population.

• A) Standard of Living
• B) Quality of life
• C) Gross national income
• D) Social satisfaction index

---

Definitions:

Sales Discount

A reduction from the usual cost of a product or service offered to customers to encourage prompt payment or increase sales.

Customers Pay

refers to the transactions where customers remit payment for goods or services received from a business.

Prepaid Freight

Costs paid by a shipper in advance for shipment of goods, indicating that the sender bears the freight charges.

Cash Discount

A reduction in the invoice price offered to buyers as an incentive for early payment.