Loading question...
You are in free guest mode. Timed Practice Revision List Attempt History Progress Tracking Create a free account to unlock these tools
Prev Next
Practice Reading: Fill in The Blanks (Drag & Drop) ID: #50584 Selling Price
Instructions ›
In the text below some words are missing. Drag words from the box below to the appropriate place in the text. To undo an answer choice, drag the word back to the box below the text.
* Drag the correct answer into all target fields
Once  an  organization  has  its  product  to  sell,  it  must  then    the  appropriate  price  to  sell  it  at.  The  price  is  set  by  balancing  many    including  supply-and-demand,  cost,  desired  profit  competition,  perceived  value,  and  market  behavior.  Ultimately,  the  final  price  is  determined  by  what  the  market  is  willing  to    for  the  product.  Pricing  theory  can  be  quite  complex  because  so  many  factors  influence  what  the  purchaser    is  a  fair  value.

exchange determine resolve transfer factors decides elements

Result:

AI explanationShows the answer. Tap to open.
Correct answer: determine

Explanation: The verb 'determine' fits grammatically as it is in the base form, which is appropriate after 'must' in this context. It also aligns with the context of making a decision about pricing, indicating an action that the organization needs to take.

Meaning: To 'determine' means to establish or decide something after consideration.

Wrong options:

  • resolve: The verb 'resolve' means to find a solution to a problem, which does not fit the context of setting a price.
  • transfer: The verb 'transfer' means to move something from one place to another, which is unrelated to the pricing process.
  • factors: The noun 'factors' does not fit grammatically as it does not serve as a verb in this context.
  • elements: The noun 'elements' also does not fit as it is not a verb and does not relate to the action of setting a price.
Correct answer: factors

Explanation: The noun 'factors' is appropriate here as it refers to the various elements that influence pricing decisions. It fits grammatically as a plural noun that aligns with the context of multiple influences on price.

Meaning: 'Factors' are the various elements or considerations that affect a decision or outcome.

Wrong options:

  • resolve: The verb 'resolve' does not fit as it does not refer to elements influencing pricing.
  • determine: The verb 'determine' is not suitable here as it does not refer to the influences but rather the action taken.
  • elements: The noun 'elements' could fit but is less specific than 'factors' in this context.
Correct answer: exchange

Explanation: The verb 'exchange' fits grammatically as it indicates the action of giving something in return for something else, which is relevant in the context of pricing and market transactions.

Meaning: To 'exchange' means to give something and receive something else in return, typically in a trade or transaction.

Wrong options:

  • resolve: The verb 'resolve' does not fit as it implies solving a problem rather than a transaction.
  • determine: The verb 'determine' does not fit as it does not relate to the action of trading or pricing.
  • transfer: The verb 'transfer' implies moving something rather than the act of trading in a market.
Correct answer: decides

Explanation: The verb 'decides' fits grammatically as it is in the present tense, which is appropriate for describing an ongoing action by the purchaser. It also aligns with the context of making a choice about value.

Meaning: To 'decide' means to make a choice or come to a resolution about something.

Wrong options:

  • resolve: The verb 'resolve' does not fit as it implies finding a solution rather than making a choice.
  • determine: The verb 'determine' does not fit as it suggests establishing something rather than the act of choosing.
  • transfer: The verb 'transfer' does not relate to the action of making a decision.

The rest of this explanation is for members. Sign in free to read why the other options are wrong, key words and tips.

Sign in to read the full explanation

With a free account: Retry and compare every attempt.
How difficult was this question?
Others found: 100% Easy · 0% Medium · 0% Hard
Saving...