Which Department Is Responsible for Creating Products or Services That

question 85

Multiple Choice

Which department is responsible for creating products or services that are sold to customers?

• A) cost centre
• B) support department
• C) producing department
• D) profit making department

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period of time.

CDs

Certificates of Deposit, savings certificates with a fixed maturity date and specified fixed interest rate, offering a low-risk investment option.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price in a specified time period.

Demand

Demand in economics is defined as consumers' willingness and ability to purchase goods or services at a given price over a specific period of time.