Provide an Appropriate Response

question 164

True/False

Provide an appropriate response.
-If you buy an item (such as property or stock)at one price and later sell it at a higher price, the profit is called a capital gain.

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a specified time period.

Supply And Demand

A fundamental economic concept that describes the relationship between the quantity of a commodity available and the quantity of that commodity people are willing to buy at certain price levels.

Marketing

The business process of identifying, anticipating, and satisfying customers' needs and wants through creating, offering, and exchanging products of value.

Operations

The day-to-day activities involved in running a business, especially those related to production and delivery of goods and services.