Which of the Following Is NOT a "Something of Value

question 141

Multiple Choice

Which of the following is NOT a "Something of Value" which might be offered to CONSUMERS in the "price equation"?

• A) Stocking allowance
• B) Service
• C) Repair facilities
• D) Credit
• E) Packaging

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Definitions:

Flood

An overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or breach in water containment systems.

Inputs

Resources used in the process of production, including labor, materials, and capital.

Derived Demand

Derived demand occurs for a factor of production when the demand for another good or service drives it, such as the demand for raw materials increasing due to higher demand for the final product.

Factor of Production

An economic resource used in the production of goods and services, including labor, capital, land, and entrepreneurship.