Useful as a Temporary Means of Staying in Business, ________

question 61

Short Answer

Useful as a temporary means of staying in business, ________ pricing is the process of lowering prices to the point at which revenue just covers costs, allowing the business to endure a difficult time.

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Definitions:

Negotiated

The process of discussing and arriving at a mutually acceptable agreement between two or more parties.

Accounting Software

Computer programs designed to manage financial transactions and records, facilitating efficient bookkeeping and financial analysis.

Overpriced

Overpriced indicates that something is valued or offered for sale at a price higher than is considered reasonable or fair in relation to its intrinsic or market value.

Discount

A reduction from the usual cost of an item or service, typically offered to incentivize purchases.