What does market mean?
Answer and explanation
Correct answer: A place where goods or services are bought and sold
A market is the arrangement or place where buyers and sellers interact to exchange goods or services, usually for a price. In modern business, a market may be physical or online; it is not limited to a particular building. Games, stored books, or places without transactions do not represent the business meaning.
Frequently asked questions
What is the correct answer to this question?
A place where goods or services are bought and sold
Why is this the correct answer?
A market is the arrangement or place where buyers and sellers interact to exchange goods or services, usually for a price. In modern business, a market may be physical or online; it is not limited to a particular building. Games, stored books, or places without transactions do not represent the business meaning.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce.
