Asked by Alyssa Noriega on Jun 06, 2024

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________ is the standard amount charged to customers for a product.

A) List price
B) Transactional value
C) Net price
D) Contribution margin
E) Net worth

List Price

The published price of a product or service, often suggested by the manufacturer or service provider, before any discounts or negotiations.

Standard Amount

A pre-determined or fixed quantity used as a benchmark, reference, or norm for measurements, production, or financial assessments.

Net Worth

The total value of an individual's or entity's assets minus their liabilities; a measure of financial health.

  • Understand the principle of markup in pricing tactics and its impact on retail and wholesale costs.
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Verified Answer

CA
Christina AdamsJun 07, 2024
Final Answer :
A
Explanation :
List price is the standard amount charged to customers for a product, representing the initial asking price before any discounts or negotiations.