select the correct answer. which term describes what a manufacturer spends for goods or services? a. cost b…
select the correct answer. which term describes what a manufacturer spends for goods or services? a. cost b. price c. markup
Answer
Brief Explanations:
Cost refers to the amount a manufacturer spends on goods or services. Price is what the customer pays, and markup is the amount added to cost to determine the selling - price.
Answer:
A. cost