BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
A form of business that declares the business as a separate, legal organization led by a group of officers known as the board of directors; often owned by stockholders
|
|
|
place where goods and services are bought and sold for a price
|
|
|
the study of how people make things, and trade wealth, with limited resources
|
|
|
A business owned by one person
|
Detailed explanation-1: -A market is a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. Markets can be physical like a retail outlet, or virtual like an e-retailer. Other examples include illegal markets, auction markets, and financial markets.
Detailed explanation-2: -: an open square or place in a town where markets or public sales are held. : market. the marketplace is the interpreter of supply and demand. : the world of trade or economic activity : the everyday world.
Detailed explanation-3: -In the view of economists, there are only two markets: the factor market and the goods and services market. They also can be called the input market and the output market. The input market supplies the resources needed to make finished products. The output market buys and uses the finished products.