The Act of Buying a Product at a Low Price

question 57

True/False

The act of buying a product at a low price in one market and reselling the product at a higher price in another market is called arbitrage.

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Definitions:

Ideation Process

A creative process involving the generation, development, and communication of new ideas.

Concrete Actions

Specific, tangible steps taken towards accomplishing a goal or executing a plan.

Keen Observer

A person who is highly attentive and able to notice fine or important details that others might overlook.

Practice

A repeated exercise or activity to increase proficiency in a skill or area.