GK
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Consumer
|
|
|
Creditors
|
|
|
Government
|
|
|
Suppliers
|
Detailed explanation-1: -A vendor, also known as a supplier, is a person or a business entity that sells something.
Detailed explanation-2: -A supply of goods includes the following: the transfer of ownership of goods by agreement. the sale of movable goods on a commission basis by an auctioneer or agent. They need to be acting in their own name but on the instructions of another person. the handing over of goods under a hire-purchase contract.
Detailed explanation-3: -Any treatment or process which is applied to another person’s goods is a supply of services. Activities or transactions treated neither as the sale of goods nor sale of services as per Schedule III of GST Act.
Detailed explanation-4: -quantity offered for sale at a given price and time.