Any business transaction can be thought of as an exchange of "something of value" for money-where money is the price.

Name: Any business transaction can be thought of as an exchange of "something of value" for money-where money is the price.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is a basic principle of business and economics, where goods, services, or even intangible items (such as information or data) are exchanged for money. Money serves as the medium of exchange and represents the value placed on the item being transacted.

Any Business Transaction Can Be Thought of as an Exchange