Examlex
MATCHING
Match each person with one of the descriptions below.
-James Oliver
Reservation Price
The maximum price a consumer is willing to pay for a good or service.
English Auction
A method of sale consisting of public bidding where the price ascends, and the highest bid wins the item.
Bid
An offer of a price by a buyer to a seller for goods, services, or financial assets.
Revenue
The income generated from normal business operations and includes discounts and deductions for returned merchandise.
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