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A market is a mechanism through which ______ are exchanged. - Commercial Applications

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Question

A market is a mechanism through which ______ are exchanged.

Options

  • Products and services

  • Products and capital

  • Services and brands

  • Patents and services

MCQ

Solution

A market is a mechanism through which Products and services are exchanged.

Explanation:

A market facilitates the exchange of products and services between buyers and sellers. It is a system where economic transactions occur, allowing for the buying and selling of goods and services to meet consumers' needs and wants.

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Concept of Market
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Chapter 1: Markets and Marketing - EXERCISES [Page 11]

APPEARS IN

Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 1 Markets and Marketing
EXERCISES | Q 39. | Page 11
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