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Question
______ denotes the money value of a product or service. It is the amount of money seller is asking for the product or service he offers for sale or the amount which buyers are to pay for it.
Options
Product
Price
Place
Promotion
Solution
Price denotes the money value of a product or service. It is the amount of money seller is asking for the product or service he offers for sale or the amount which buyers are to pay for it.
Explanation:
Price refers to the money value of a product or service. It is the amount that the seller charges for the product or service and the amount that buyers are required to pay. Price is a critical component of the marketing mix and influences consumer purchasing decisions.
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