The costs incurred by merchants in having to change product prices (such as the costs of reentering prices into computer systems) are referred to as which of the following?
A) subscription costs
B) fixed costs
C) menu costs
D) variable costs

Question

Quizplus · Accepted Answer

The costs incurred by merchants in having to change product prices are referred to as menu costs. These costs can include both the monetary cost of updating prices as well as the time and effort required to carry out the updates.

The Costs Incurred by Merchants in Having to Change Product