1
Question
Value that customers give to get benefits of products or services is classified as ______.
Value that customers give to get benefits of products or services is classified as ______.
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Solution
The correct option is C Price
- A value that will purchase a finite
quantity, weight, or other measure of a good or service.
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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.
- 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.
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