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Select the correct answer.

Which term describes what a manufacturer spends for goods or services?

A. cost
B. price
C. markup

Sagot :

GinnyAnswer

Final answer:

The term 'cost' describes a manufacturer's expenses for goods or services, crucial for pricing decisions and profitability.


Explanation:

Cost is the term that describes what a manufacturer spends for goods or services. It includes expenses such as materials, labor, and overhead costs.

For example, if a car manufacturer spends money on steel, tires, and salaries for workers, all these expenses contribute to the cost of producing a car.

Understanding costs is crucial for firms to make pricing decisions and determine their profitability in the market.


Learn more about Costs in Manufacturing here:

https://brainly.com/question/34080913


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