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Who is a seller in business?

Answer and explanation

Correct answer: A person who sells a product or service

The governing concept is the role of participants in a business transaction. A seller is the person or business that offers a product or service to a customer in exchange for payment. Therefore, option B is correct. A person who only buys goods is a buyer, while closing a market or making no transaction does not describe a seller’s function. The seller helps move goods or services from the business to the customer.

Related tags

SellerBuyerBusiness-TransactionEntrepreneurshipIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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