What Is the Term for the Mechanism Which Brings Buyers

question 77

Multiple Choice

What is the term for the mechanism which brings buyers and sellers together to assist them in negotiation the exchange of products?

• A)Production possibilities.
• B)Laissez-faire.
• C)Opportunity cost.
• D)The market.
• E)Supply and demand.

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Definitions:

NAICS

The North American Industry Classification System, a standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.

Industry Definitions

Specific terms and jargon that are commonly accepted and used within a particular sector or field of business.

Government Units

Administrative divisions within a government structure tasked with specific functions or responsibilities, such as departments, agencies, or commissions.

Constituents

Individuals or groups with a vested interest in the outcomes of an organization's decisions, policies, and activities.