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Juli2301 [7.4K]
2 years ago
6

In most markets, _____ is determined by the interactions of numerous buyers and sellers.

Business
1 answer:
anastassius [24]2 years ago
4 0

Buyers and sellers interact in a market to exchange commodities, services, or resources. Prices and trade volume are mostly influenced by how buyers and sellers interact in a "market."

The buyer-seller interaction process is viewed as a transaction in and of itself, with potential for numerous outcomes. The buyer-seller interaction, which is compared to the effect of advertising, is assumed to carry out any of the following five functions: raise awareness of each other's expectations about the product or service; remind each other of past successful transactions and their behavioral outcomes; reinforce each other's behavior related to the sale of the product or service; prompt behavioral actions on each other's parts by intensifying expectations; and persuade each other.

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Complete Question:

A payroll company in the nation of Osterlich is seeking to expand beyond its borders while limiting administrative and political distance in the new country. Which potential site is the best one for this type of expansion? one that considers payroll companies essential to national security one that is outside of any trading blocs that Osterlich participates in one that used to have a colonizer or colonized relationship with Osterlich in a country that has extensive tariffs and trade quotas to protect businesses

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