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What does supply mean in business?

Answer and explanation

Correct answer: Quantity of goods or services available for sale

Supply refers to the quantity of a good or service that producers or sellers make available for sale under particular conditions. It is different from demand, which refers to customers' willingness and ability to buy. Complaints, holidays, and the number of advertisements do not measure the amount offered in the market.

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SupplyDemandMarketIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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