The __________ of a product is what customers are generally willing to pay.
A)customary price
B)market price
C)asking price
D)reduced price
E)target price

Question

Quizplus · Accepted Answer

Market price refers to the amount customers are willing to pay for a product, based on factors such as supply and demand, competition, and perceived value. It is the price at which a product can be sold in the market and is determined by market forces. The other options may have some influence on the final price, but ultimately the market price is what matters.

The __________ of a Product Is What Customers Are Generally