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The Nest Is a Retail Store Owned and Operated by an Interior

question 33

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The Nest is a retail store owned and operated by an interior designer.The markup on all items in the store is 100 percent over cost (or double the cost) .In this case,we would say the designer uses:


Definitions:

Barter

The direct exchange of goods and services without the use of money as a medium of exchange.

Money

A medium of exchange that facilitates the sale, purchase, or trade of goods between parties.

Money

A medium of exchange that is widely accepted in transactions for goods and services and repayment of debts.

Wealth

The total value of all financial assets and physical possessions owned by an individual or entity, minus any debts.

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