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Question
The value of the product or service expressed in terms of money is ______.
Options
Tax
Rent
Income
Price
MCQ
Fill in the Blanks
Solution
The value of the product or service expressed in terms of money is Price.
Explanation:
Price refers to the monetary value assigned to a product or service. It represents what consumers must pay to acquire the product or service. Pricing is a critical element of the marketing mix and plays a significant role in influencing consumer purchasing decisions.
shaalaa.com
Pricing
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