Question

Dividing the price of a product by the number of times it will likely be used provides its ______ and provides a way to compare among competing purchase options.

A) Quality score
B) Durability index
C) Utilization ratio
D) Cost per use

Answer 1

The cost per use is obtained by dividing the price of a product by the number of times it will likely be used. This metric allows consumers to compare purchase options based on their expected value. The correct answer is D) Cost per use.

Step-by-step explanation:

Dividing the price of a product by the number of times it will likely be used provides its Cost per use and provides a way to compare among competing purchase options. This metric allows consumers to evaluate the value they will get from their purchase based on how many times they expect to use the product.

For example, if Product A costs $50 and can be used 100 times, the cost per use would be $0.50. If Product B costs $30 but can only be used 20 times, the cost per use would be $1.50. By calculating the cost per use, consumers can make informed decisions about which product offers a better value for their money.