Home
Class 12
MATHS
When transactions like sale, purchase, a...

When transactions like sale, purchase, auction etc. are done through some middlemen, such middlemen are called ________

Text Solution

AI Generated Solution

The correct Answer is:
To solve the question, we need to identify the term used for middlemen involved in transactions such as sale, purchase, and auction. ### Step-by-Step Solution: 1. **Understanding the Question**: The question asks for a term that describes middlemen involved in various transactions like sales, purchases, and auctions. 2. **Identifying the Role of Middlemen**: Middlemen facilitate transactions between buyers and sellers. They can take various forms, such as agents, brokers, or dealers. 3. **Finding the Correct Term**: In the context of transactions, the most commonly used term for a middleman who facilitates sales, purchases, and auctions is "agents." 4. **Final Answer**: Therefore, the term that fills in the blank is "agents."
Promotional Banner

Topper's Solved these Questions

  • QUESTION BANK 2021

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise Part II (1. Commission, Brokerage and Discount (Commerce 88)) (III) State whether each of the following is True or False.)|5 Videos
  • QUESTION BANK 2021

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise Part II (1. Commission, Brokerage and Discount (Commerce 88)) (IV) Solve the following problems.|5 Videos
  • QUESTION BANK 2021

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise Part II (1. Commission, Brokerage and Discount (Commerce 88)) (I Choose the correct alternative)|5 Videos
  • PROBABILITY DISTRIBUTION

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise MULTIPLE CHOICE QUESTIONS|9 Videos
  • THREE DIMENSIONAL GEOMETRY

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise MULTIPLE CHOICE QUESTIONS|8 Videos

Similar Questions

Explore conceptually related problems

Data collected from sources like internet, magazines etc. is called ________ .

When pollen tube enters through micropyle, it is called:

Some finger like projection appear on the trophoblast called?

Some nucleic acids that ehav like enzymes, are called____

Mohan Ltd. is producing different lines of products viz. cosmetics, medicines, confectionary items, etc. All activities of the company like purchase, production, sales, accounting, etc. share common Purchase, Production, Sales and Accounts departments. As a result, there, is chaos and ineffective working of the organisation. No department is able to set specific targets related to each type of product and is unable to give justice and full concentration to each product line. Moreover, employees remain confused regarding provision of their focus and attention to a particular product line. Identify the principle of management violated here.