Unformatted text preview: stores that they desire because they confident that the store will accept their money for the items they want. If I go to the salon to get my hair done the stylist will not provide the service unless I provide them with the money to perform the task. A store of value is an item that people can use to transfer purchasing power from the present to the future. When a seller accepts a consumer’s money today in exchange for a good or service, that seller can hold the money and become a buyer of another good or service at another time. I have a cousin that sells all kinds of refurbished electronics that you can purchase at a lower price than the store. He will accept your money for the good but then turns around to use some or all of the money to purchases more goods to sell later. Loretta Campbell 03/17/2011...
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This note was uploaded on 05/29/2011 for the course POS 110 taught by Professor Britt,j during the Spring '10 term at University of Phoenix.
- Spring '10