The person who supplies goods or services is called producer. The producers make use of various resources such as land, labour, capital, raw materials to produce goods or to render services. Therefore, they are called producers.
What do you call the party that supplies goods or services Brainly?
Brainly User. Answer: SUPPLIER – a party that supplies goods or services. a supplier may be distinguished from a contractor or subcontractor, who commonly adds specialized input to deliverables. Also called vendors.
What is another word for goods and services?
Synonyms for use of goods and services in English use; consumption; economic consumption; usance; use of goods and services.
Is an amount that has to be paid or spent to buy or obtain something?
Cost is “an amount that has to be paid or spent to buy or obtain something.” Cost can be specific, like, “What’s the cost of that car?” or it can be a penalty, like “Consider the cost of missing that event.” Notice also that cost implies a one-time event, like a purchase.
What is a fancy word for good?
delectable,
Do all costs become expenses?
Definitions of Cost and Expense However, we use the term cost to mean the amount spent to purchase an item, a service, etc. Some costs are not expenses (cost of land), some costs will become expenses (cost of a new delivery van), and some costs become expenses immediately (airing a televison advertisement).
What can I say instead of good?
You can call it excellent, fine, enjoyable, and splendid. But that’s not all—you might call it awesome, great, admirable, and pleasing. If you’re talking about high-quality food and drink, however, you might use fine and excellent instead of good, but you could also say it’s choice, superior, or even exquisite.
Is expense and cost the same?
The difference between cost and expense is that cost identifies an expenditure, while expense refers to the consumption of the item acquired. These terms are frequently intermingled, which makes the difference difficult to understand for those people training to be accountants.
