Ask Question
BusinessBusiness
11 August, 20:07

When you think of an arrangement or institution that brings buyers and sellers of a good or service together, what are you thinking of?

+4
Answers (1)
  1. 11 August, 22:13
    0
    A market

    Explanation:

    A market traditionally was defined as a geographical and physical location where buyers are sellers meet to transact business.

    With the advancement in the area of information communication technology (ICT), the word market has been redefined as not just a geographical location but any arrangement which bring a potential buyer and seller of goods and service into close contact for the purpose of transacting business.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When you think of an arrangement or institution that brings buyers and sellers of a good or service together, what are you thinking of? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Tom buys a shirt for $22.00 plus 7% sales tax. His cousin buys a shirt for $18.00 plus 4% sales tax. How much do Tom and his cousin pay for the shirts? Show your work. Who spent more on tax?
Answers (1)
When a monopolist increases the amount of output that it produces and sells, the price of its output?
Answers (1)
When a partner leaves the company, the partnership is dissolved and a new partnership may be formed with the remaining partners. True / False.
Answers (2)
Ax that you pay when making a profit from selling a house is an example of:
Answers (1)
Refresh Inc.'s debt to Spring Water Company is past due. Spring brings a legal action against Refresh to collect the debt. Spring asks the court to order Tempo Bank, in which Refresh has an account, to pay a portion of the funds to Spring.
Answers (1)
New Questions in Business
An online medicaladvice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 million shares of common stock, and the underwriting fees were $2.10 per share. The offering price was $27.90 per share.
Answers (1)
Which of the following is an example of how the principle of beneficence can be applied to a study employing human subjects? Ensuring that the selection of subjects includes people from all segments of the population.
Answers (1)
Match the following definitions with the correct term 1. Delocalization of food production and consumption connections 2. The process of learning culturally specific preferences passed from generation to generation 3.
Answers (1)
Adobe Systems Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2013.
Answers (1)
A Trek Cycles manufactures and sells bicycles to retailers. The X-1 model sells for $500 and has per-unit variable costs of $300 associated with its production. The company has fixed expenses of $30,000 per month.
Answers (1)
Home » Business » When you think of an arrangement or institution that brings buyers and sellers of a good or service together, what are you thinking of?
Sign Up Forgot Password?