BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Anything that can be bought and sold.
|
|
Factors of Production
|
|
|
Customer
|
|
|
Product
|
Explanation:
Detailed explanation-1: -"Commodity” connotes an agricultural product or raw material.
Detailed explanation-2: -An item that you can buy (able to buy) is buyable or purchasable, an item that you can sell (able to sell) is salable, therefore both situations are possible transactions, so an item that you can buy and sell is tradeable or tradable.
Detailed explanation-3: -A market is a place where people sell and buy things. Money is used for transaction of goods.
There is 1 question to complete.