The Business Market Consists of the Following Three Components

question 63

Multiple Choice

The business market consists of the following three components:

• A)commercial enterprises, resellers, and government.
• B)manufacturers, institutions, and defense.
• C)manufacturers, service organizations, and government.
• D)commercial enterprises, service organizations, and government.
• E)commercial enterprises, institutions, and government.

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Definitions:

2% Commission

A fee paid to a salesperson, broker, or agent, equivalent to 2% of the sales amount or transaction value.

Closing Price

The final price at which a security is traded on a given trading day, representing the most up-to-date valuation of the security until trading resumes.

Trading Day

Refers to a day on which the stock exchanges are open for trading.

Broker Fee

A charge or commission a broker commands for their service in facilitating transactions, such as buying or selling securities.