The ________ of a Product or Service Is a Function

question 91

Multiple Choice

The ________ of a product or service is a function of how many customers are willing to purchase the product or service and how much they are willing to pay for it.

• A) market value
• B) relative value
• C) absolute value
• D) intrinsic value

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Definitions:

Fair Values

the estimated market value of an asset or liability, based on current prices in an open and competitive market.

Temporary Investments

Investments in stocks, bonds, or other securities that a company intends to sell within a short period, typically one year.

Excess Cash

The amount of cash a company possesses that exceeds the minimum level needed to maintain its operations and investment plans.

Brokers' Commissions

Fees paid to brokers for their role in facilitating transactions, such as buying or selling securities, real estate, or insurance products.