Which of these refers to the price charged for products sold between a company's divisions or subsidiaries?
A) Dual price
B) Transfer price
C) Worldwide price
D) Arm's length price

Question

Quizplus · Accepted Answer

The term "transfer price" refers to the price charged for products sold between a company's divisions or subsidiaries. This price can be determined through various methods such as cost-based, market-based, or negotiation-based, but is typically used for internal record-keeping purposes rather than external sales. Dual prices refer to different prices charged for the same product to different customers, Worldwide prices refer to prices charged for products sold globally, and Arm's length prices refer to prices that reflect market conditions and are negotiated between independent parties.

Which of These Refers to the Price Charged for Products