What is offer price?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 8DQ
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What is offer price?

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Bid price is the maximum price which the buyer is willing to pay to purchase. In other words, it represents the buyer’s price at which he is ready to purchase an item in the market.

 

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