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3 years ago

For most business enterprises a market is:

Business

2 answers:

neonofarm [45]3 years ago

4 0

Answer:

The correct answer is letter "B": All the above.

Explanation:

Markets are the places where buyers and sellers meet to exchange goods for currencies. For enterprises, the definition tends to be more complex. <em>Companies must take into account the geographical area where their goods are offere</em>d.

Under economic theory, <em>markets are an abstract concept since they are born after ideas concluded from researching economic phenomena and also a sociological concept since the ideas concluded typically come from a sort of meeting or convention that has enough authority to rule the market definition.</em>

EastWind [94]3 years ago

3 0

Answer: The correct answer is "b. All the above".

Explanation: All of these statements represents the concept of market for most business enterprises.

You could say that a market is a territory in which customers with competing and competing interests coexist. It is also an abstract concept and of a sociological nature conformed by conventions and institutions.

A more appropriate definition would be: the market is a theoretical place where the supply and demand of products and services is found and prices are determined.

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