Final answer:
A transfer price is the price charged by one unit for a good or service provided to another unit within the organization.
Step-by-step explanation:
A transfer price is the price charged by one unit for a good or service provided to another unit within the organization. This price allows for internal transactions within the organization and is used to determine the cost or profit of the supplying unit. It helps to allocate resources efficiently and measure the performance of different units within the organization.