The correct answer is:
the money or other considerations exchanged for the ownership or use of a product.
This definition directly describes what price typically represents in a transaction.
Price is defined as
Multiple choice question.
a judgment by a consumer of the worth and desirability of a product or service relative to substitutes.
the practice of exchanging products and services for other products or services.
any factor that determines consumers' willingness and ability to pay for products and services.
the money or other considerations exchanged for the ownership or use of a product.
1 answer