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In Business / College | 2025-07-03

Select the correct answer.
Which of these statements explains the term price?
A. the money spent by a seller to advertise a product
B. the money spent by a manufacturer to make a product
C. the money spent by a buyer to purchase a product

Asked by tynansam00087

Answer (2)

The term price refers to the amount of money a buyer spends to purchase a product. The correct option from the provided choices describes this accurately. Other options refer to advertisement and manufacturing costs, which are not related to the concept of price. ;

Answered by GinnyAnswer | 2025-07-03

The term price is defined as the money a buyer spends to purchase a product, making option C the correct choice. The other options relate to advertising and manufacturing costs, which are not the same as the price paid by buyers. Therefore, the accurate explanation is that price reflects the amount paid for a product by the consumer.
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Answered by Anonymous | 2025-07-04

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