Asked by Abhishek Prodduturi on Jul 03, 2024
Verified
The financial value placed on an object involved in an exchange between a buyer and a seller is known as its:
A) price.
B) discount.
C) comparable value.
D) negotiated value.
E) nominal value.
Exchange
The act of giving up one thing (money,credit, labor, goods) in return for something else (goods, services, or ideas).
- Understand the significance of how consumers perceive product pricing.
- Identify the components of the marketing mix and their impact on marketing strategy.
Verified Answer
PC
Paxton CarmelaJul 05, 2024
Final Answer :
A
Explanation :
The financial value placed on an object involved in an exchange between a buyer and a seller is known as its price. This is the amount of money expected, required, or given in payment for something.
Learning Objectives
- Understand the significance of how consumers perceive product pricing.
- Identify the components of the marketing mix and their impact on marketing strategy.
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