Price is simply the amount that a seller requires in exchange for the use of a product or service or for transferring its ownership.
Correct Answer:
Verified
Q38: Inelastic demand is demand that does not
Q39: The supply of products and/or services exceeds
Q40: If prices are too low, there may
Q41: Pay Pal requires sellers to obtain merchant
Q42: If you were to use credit, how
Q44: Would you use credit in your business?
Q45: Service businesses need to have reliable and
Q46: Entrepreneurs should always sell their products at
Q47: How would you price your item based
Q48: Apply cost-plus pricing to your business idea.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents