A place where goods are bought and sold against the price consideration between the buyers and the s...........

Principles of Marketing Management Basic Concepts

A place where goods are bought and sold against the price consideration between the buyers and the sellers is called ______.

Exchange

Market

E-commerce

Transaction

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Explanation:

Market

Explanation:

Market is a physical or virtual place where sellers meet buyers for transaction purpose. Market is an open area where shops, malls and other trading centers exists.

Market generally involves at least two parties, one is seller and second is buyer. When trade activity is done using electronic medium for example mobile, internet, laptop etc. is known as electronic commerce i.e E-commerce.