ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This is the amount the customer will pay for the product. The value of money or its equivalent placed on a good or service.
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product
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price
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place
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promotion
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Explanation:
Detailed explanation-1: -The answer is (a) price. Price represents the money paid to acquire a product or service. The price is ascertained through the market forces of supply and demand.
Detailed explanation-2: -Pricing is the process you use to set the price of your product or service.
Detailed explanation-3: -Price is the amount of money charged for a product or service. The sum of all the values that consumers give up in order to gain the benefits of having or using a product or service.
There is 1 question to complete.