Which of the following is the term for the amount of money a seller is willing to accept in exchange for a product at a given time and under given circumstances?
A) revenue
B) income
C) discount
D) price

Question

Quizplus · Accepted Answer

Price is specifically defined as the amount of money a seller is willing to accept in exchange for a product at a given time and under given circumstances. Revenue refers to the total income generated by a business, not just from one product. Income is a broader term that includes all sources of earnings or money received. A discount is a reduction in price, not the actual price itself.

Which of the Following Is the Term for the Amount