PRODUCT SELLING PRICE PURCHASE / BUY- ING COST Gunde Questions 1. What do you think is the difference between selling price and purchase cost base from the map showe?
2. Define and explain the meaning of a Product?
3. What is the importance of these two in creating a small business?

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GiaMguntheviz GiaMguntheviz · Answer 1

Answer:

1.The selling price is the price being asked by the retailer.

The purchase price is the price you actually pay.

2.A product is any item or service you sell to serve a customer’s need or want.

3. l small businesses contribute to local economic by bringing growth

and innovation to the community.

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