A transaction involves at least two parties to buy or sell the product exchanging something in value to each other.

False

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True

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Q. Through transaction an aggrieved customer can warn other customers not to buy such products.

Geeta wants to buy a new dining table or her house, but she did not have the space to keep it. She planned to sell her old round table through OLX, so that she can get some surplus money and space for the new dining table. She got a very good response and out of many buyers, she chooses the buyer who gave the best price. Which are the parties that are involved in the transaction mentioned in the above passage?

___ refers to a social process whereby people exchange goods and services for money or for something of value to them.

Q. Solve this:
Mr. Rajiv wants to buy a new sofa set for his house, but he did not have space to keep. He planned to sell the old sofa through OLX, so that he can get some surplus money and space for new sofa new sofa set. He got very good response and out of many buyers, he choose the buyer who gave him the best price.
(a) Which are the two parties involved in transaction mentioned in above case ?
(b) What branch of e-business is referred in above case? Expain ?

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