What is the correct meaning of sale?
Answer and explanation
Correct answer: Selling goods or services to a customer for value
Sale is a business transaction in which a seller transfers goods, or provides a service, to a buyer in exchange for an agreed price or other value. It normally involves an offer, acceptance, and consideration, such as payment. Therefore, option A gives the correct basic meaning. Hiding goods, concealing the price, or avoiding customers prevents or obstructs a sale and cannot define it.
Frequently asked questions
What is the correct answer to this question?
Selling goods or services to a customer for value
Why is this the correct answer?
Sale is a business transaction in which a seller transfers goods, or provides a service, to a buyer in exchange for an agreed price or other value. It normally involves an offer, acceptance, and consideration, such as payment. Therefore, option A gives the correct basic meaning. Hiding goods, concealing the price, or avoiding customers prevents or obstructs a sale and cannot define it.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce. Topic: Trade and Auxiliaries to Trade.
