What is the term used to describe the difference between the cost of inputs and the value of price of outputs?
A) Value-added
B) Value-divided tax
C) Value-multiplied
D) Value-multiplied tax

Question

Quizplus · Accepted Answer

The term used to describe the difference between the cost of inputs and the value of price of outputs is called "value-added." This term is commonly used in economics and business to refer to the increase in value of a product or service as it goes through the production process. Value-added can be calculated by subtracting the cost of inputs (such as raw materials, labor, and overhead) from the price of the final product or service.

What Is the Term Used to Describe the Difference Between