Review

2. The worth or usefulness of a product to a consumer.
4. The variable expense associated with each unit of sale.
5. A competitor that offers similar goods or services to the same target market and satisfy the same customer needs.
9. Sale Price - Cost
10. the use of computer systems to simulate human mental processes.
12. A strategic tool that helps businesses make informed decisions, stay competitive, and adapt to changes in the market.

1. All the expenses necessary to make a single unit.
3. An individual product or service
6. The study of how individuals, businesses, and societies make choices about using limited resources to satisfy their wants and needs
7. An expense that changes based on the amount of product or service a business sells.
8. A reoccurring expense that isn’t affected by the number of items a business produces.
11. A competitor that may not offer the same products or services as you, but compete for the same customers.