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What does RESERVATION PRICE stand for?
What does RESERVATION PRICE mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: RESERVATION PRICE.
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What does RESERVATION PRICE mean?
- Reservation price
- A reservation (or reserve) price is a limit on the price of a good or a service. On the demand side, it is the highest price that a buyer is willing to pay; on the supply side, it is the lowest price a seller is willing to accept for a good or service. Reservation prices are commonly used in auctions, but the concept is extended beyond.
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"RESERVATION PRICE." Abbreviations.com. STANDS4 LLC, 2024. Web. 24 Sep. 2024. <https://www.abbreviations.com/RESERVATION%20PRICE>.
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