The Process of Buying a Good in One Market at a Low

question 188

Multiple Choice

The process of buying a good in one market at a low price and selling the good in another market for a higher price in order to profit from the price difference is known as

• A)sabotage.
• B)conspiracy.
• C)arbitrage.
• D)collusion.

---

Definitions:

Introductory Period

The initial phase after a product or service is launched, during which it is made known to the public and promotional activities are intensified.

Competitive Status

Competitive status denotes the position or ranking of an organization in its industry based on factors like market share, product quality, or innovation, affecting its ability to compete.

Order Processing

The sequence of steps taken by a company to fulfill a customer's order, from receipt through delivery.

Creative Selling

This approach involves innovative and unique methods to sell products or services, often enhancing customer interest and sales.