PRICING (Lesson 2)

Good or Service

refers to the buying and selling of goods and services between individuals, businesses, or countries.

These are tangible products that can be bought and sold

These are intangible activities that provide value to consumers,

who demand goods or services

supplies goods or services

The agreed-upon value of a good or service, determined through negotiation or market forces

The method used to exchange value for goods or services

Diff types of business exchange techniques

This is a traditional approach, where products are sold directly to the customers without the involvement of any intermediaries.