The seller's measure of what he or she is willing to receive in exchange for transferring ownership or use of a product or service is known as
A) credit.
B) average pricing.
C) demand.
D) price.

Question

Quizplus · Accepted Answer

The measure of what the seller is willing to receive in exchange for transferring ownership or use of a product or service is known as price. Option A, credit, refers to the ability of a customer to buy now and pay later. Option B, average pricing, is a method of setting prices based on the average cost of production. Option C, demand, refers to the willingness and ability of consumers to buy a product or service at a given price.

The Seller's Measure of What He or She Is Willing