What is the process by which goods, services, or ideas are used and transformed into value?
A) value transfer
B) cost conversion
C) benefits conversion
D) consumption

Question

Quizplus · Accepted Answer

The process of using and transforming goods, services, or ideas into value involves consumption, which is the act of using or consuming something to derive utility or satisfaction from it. Therefore, option D is the correct choice. Options A, B, and C are not relevant to the given context. Value transfer refers to the process of transfer of ownership or control of an asset or resource in exchange for something of value. Cost conversion refers to the process of converting expenses or costs incurred in producing goods or services into the final selling price. Benefits conversion is not a commonly used term in business or economics.

What Is the Process by Which Goods, Services, or Ideas