Price Refers to

question 300

Multiple Choice

Price refers to

• A)the value assigned to the exchange of products and services for other products and services.
• B)the value judgment made by both the buyer and seller regarding an item's worth.
• C)the money or other considerations (including other products and services) exchanged for the ownership or use of a product or service.
• D)the value assessed for the benefits of using a product or service.
• E)the highest monetary value a customer is willing to pay for a product or service

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Definitions:

Activity Base

A measure used for allocating costs to cost objects based on the number of transactions or events that take place in the process of providing a service or manufacturing a product.