Question

Value that customers give to get benefits of products or services is classified as ______.

• A. Discount
• B. Value added tax
• C. Price
• D. Tax

Answer 1

The correct option is C Price

• A value that will purchase a finite quantity, weight, or other measure of a good or service.
• As the consideration given in exchange for transfer of ownership, price forms the essential basis of commercial transactions. It may be fixed by a contract, left to be determined by an agreed upon formula at a future date, or discovered or negotiated during the course of dealings between the parties involved.