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An Entity That Buys Goods and Sells Them to Customers

question 22

Multiple Choice

An entity that buys goods and sells them to customers at a markup is a ________.


Definitions:

Energized

To be energized means to supply or be supplied with electric power, causing a device, circuit, or component to become active or operative.

Normally Closed

A term used to describe a state of a switch or relay when its contacts are closed, allowing current to flow, in the absence of an actuating signal.

Master Control

A centralized control mechanism or system that regulates or guides the operations of various components within a larger system or machine.

Normally Closed

A term describing a contact or circuit condition that is closed (allowing current flow) when in its default, unactuated state.

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