Select the correct options and rewrite the sentencei. The term market

Select the correct options and rewrite the sentencei. The term market is derived from the ………… word ‘mercatus’. (a) French (b) Latin (c) Italianii. In the ………… concept of market, emphasis is given on ‘buying and selling of goods or services’.(a) Place (b) Exchange (c) Customeriii. Perishable goods such as vegetables, fruits, milk products, etc. are sold in …………… Market (a) Very Short Period (b) Short Period (c) Long Periodiv. Retail market is the market where retailer sells goods directly to the ………… in small quantities.(a) producer(b) wholesaler (c) consumer

Answer»

i. Latin

ii. Exchange

iii. Very Short Period

iv. consumer