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AleksAgata [21]
3 years ago
12

4. Interaction between seller and buyer is called___.

Computers and Technology
1 answer:
andrey2020 [161]3 years ago
5 0

Answer:

C. Transactions.

Explanation:

A transaction can be defined as a business process which typically involves the interchange of goods, financial assets, services and money between a seller and a buyer.

This ultimately implies that, any interaction between a seller and a buyer is called transactions.

For example, when a buyer (consumer) pays $5000 to purchase a brand new automobile from XYZ automobile and retail stores, this is referred to as a transaction.

Hence, a transaction is considered to have happened when it's measurable in terms of an amount of money (price) set by the seller.

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. Also, the price of goods and services are primarily being set by the seller or service provider.

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