Bob manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. His employees regularly deal with customer annoyance over the frequent price changes. This is an example of the __________ of inflation.A. menu costs
B. shoe-leather costs
C. unit-of-account costs

Question

05-11-2021
Business

Answered

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Bob manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. His employees regularly deal with customer annoyance over the frequent price changes. This is an example of the __________ of inflation.A. menu costs
B. shoe-leather costs
C. unit-of-account costs

Sagot :

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