The Three Parties Involved with a Check Are

question 25

Multiple Choice

The three parties involved with a check are:

• A)The writer,the cashier,and the bank.
• B)The maker,the payee,and the bank.
• C)The maker,the manager,and the payee.
• D)The bookkeeper,the payee,and the bank.
• E)The signer,the cashier,and the company.

---

Definitions:

Market Price

Today's rate at which a service or asset is being offered for buying or selling.

Price Competition

A market situation where businesses compete primarily by lowering their prices to attract customers.

Quality Competition

The competition among businesses to offer products or services of higher quality, often instead of competing on price.

Product Differentiation

Refers to the process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.