Gb 350stuvia - Study guides, Class notes & Summaries

what is the most flexible P - Answer price breweries - Answer people are willing to pay more for beer, so breweries are investing more money into energy saving production costs importance of price - Answer -to the seller: price is revenue -to the consumer: price is the cost of something -price allocates resources in a free-market economy profitability - Answer sales revenues vs expenses sacrifice view of price - Answer price is that which is sacrificed to get a good or service w...