Upper or lower limits placed on the prices of products sold within a country are known as ________.
A) price controls
B) transfer prices
C) price escalators
D) arm's length prices

Question

Quizplus · Accepted Answer

Upper or lower limits on prices within a country are commonly known as price controls. Transfer prices refer to the prices charged by one unit of a company to another unit within the same organization. Price escalators refer to the increase in prices over time due to inflation or other factors. Arm's length prices refer to the prices set between two independent parties in a transaction.

Upper or Lower Limits Placed on the Prices of Products