A(n) _____ price is the absolute bottom price that is acceptable.
A) reservation
B) relative
C) opening
D) bid

Name: A(n) _____ price is the absolute bottom price that is acceptable. A) reservation B) relative C) opening D) bid
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Question

Quizplus · Accepted Answer

A reservation price is the minimum price that is acceptable to the buyer or seller. It is often used in negotiations as a starting point that cannot be negotiated below. It is also known as a bottom line price.

A(n) _____ Price Is the Absolute Bottom Price That Is