Arun has ten rupees. He goes to the shop and buys a pen. Which among the following describes the exchange between him and the shopkeeper?
A
Business
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B
Trade
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C
Marketing
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D
Sales
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Solution
The correct option is B Trade Within a market, the activities of buying and selling take place. The transaction that happens between a buyer and seller is known as trade. Arun's purchase of pen for ten rupees depicts a trade.