Razer-Edge makes machines for sharpening the blades used by butchers to slice meat.When Razer-Edge priced its Primary Sharpener,its salespeople were told that it would be sold for $1,700,but that there would be room for discounts and flexibility.The $1,700 price is the _____ price for the Primary Sharpener
A) base
B) zone
C) demand
D) channel leader
E) functional

Question

Quizplus · Accepted Answer

The term used to describe the initial or starting price for a product is the base price. In this case, Razer-Edge's Primary Sharpener is priced at $1,700, which is its base price.

Razer-Edge Makes Machines for Sharpening the Blades Used by Butchers