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Economics Asked by a SnapAndSolve user · about 2 hours ago

The act of travelling for leisure, relaxation and sightseeing to important places is called __________. 2....

1. The act of travelling for leisure, relaxation and sightseeing to important places is called __________.
2. The buying and selling of goods and services over the internet is called __________.
3. A place where goods and services are bought and sold is __________.
4. A market for medium and long term loan is called __________.
5. Their addition to cost price is the __________.
6. The total sales less discounts is called __________.
7. Suppose a person buys a product at a price of $100 and sells it at a price of $120. The profit is __________.
8. The end user of a product is called __________.
SECTION B: OBJECTIVE
1. The process by which a producer of a product or service uses a type of advertising to __________.
2. A consumer is a person who __________.
3. The process and arrangement of the elements of a product is called __________.

Answer

  1. The act of travelling for leisure, relaxation and sightseeing to important places is called tourism.

  2. The buying and selling of goods and services over the internet is called e-commerce.

  3. A place where goods and services are bought and sold is a market.

  4. A market for medium and long term loan is called a capital market.

  5. Their addition to cost price is the markup.

  6. The total sales less discounts is called net sales.

  7. Suppose a person buys a product at a price of $100 and sells it at a price of $120. The profit is $20.

  8. The end user of a product is called a consumer.

  9. The process by which a producer of a product or service uses a type of advertising to promote sales.

  10. A consumer is a person who uses goods and services.

  11. The process and arrangement of the elements of a product is called product design.

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