Ask Question
BusinessBusiness
23 March, 05:42

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

+5
Answers (1)
  1. 23 March, 05:45
    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?
Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Joe is trying to find out how solar energy can replace the functioning of certain industrial needs. With this research, which phenomenon is Joe trying to curb? A. ozone layer depletion B. ozone layer hole global warming D. acid rain E.
Answers (1)
Firms that spend the greatest percentage of their revenue on advertising tend to be firms that sell a. industrial products. b. homogeneous products. c. consumer goods for which there are no close substitutes. d. highly-differentiated consumer goods.
Answers (1)
Which phrase best defines the liquidity of money? how divisible money is how many denominations money has how scarce the supply of money is how available money is to spend?
Answers (2)
What is a bond? A: a small portion of ownership in a company B: a payout distributed by corporations C: a form of promissory note with the bond holder as creditor D: the interest paid on a small loan
Answers (2)
Rent control policies tend to cause a. relatively smaller shortages in the short run than in the long run because supply and demand tends to be more elastic in the short run than in the long run. b.
Answers (1)
New Questions in Business
Which of the following would not be included in calculating the incremental cash flow for a project? The firm expects sales of the new product to be $5,000,000 per year.
Answers (1)
The type of uncertainty that is in operation when an entrepreneur takes a gamble on an as yet non-existent market is called ambiguity. True False
Answers (1)
The premise of sociobiology with regard to humans is that:
Answers (1)
What is the term utilized when union workers refuse to work due to contractual disagreements? A. Sunshine law B. Strike C. Labor law violation D. WPA Act
Answers (1)
Your brother has asked you for a loan and has promised to pay you $9,800 at the end of three years. If you normally invest to earn 6.
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?