Question

It is what a manufacturer spends for goods or services.

a) cost
b) price
c) markup

Answer 1

The cost is what a manufacturer spends for their goods and services. The price is what they charge and the markup is the amount they charge extra from their cost. The correct answer is A. 

Answer 2

Answer;

-Cost

Cost is a term describes what a manufacturer spends for goods or services.

Explanation;

-Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good. Cost of goods sold is also referred to as "cost of sales."

-Gross Profit is your company's revenue minus the cost of the goods sold (COGS).