At a local retail store, Randi saw a bag of daffodil flower bulbs and a box of plant fertilizer. The items, which were sold together, retailed at $28.50 but were marked down to $19.99. The $19.99 is the:
a. revenue.
b. price.
c. profit.
d. liquidity value.
ANSWER: b
The $19.99 is the price of the product. Price is that which is given up in exchange to acquire a product.
Business
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