Supplier Quiz

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Questions and Answers

What is the role of a supplier in a market?

  • To buy goods or services from producers
  • To sell goods or services to consumers (correct)
  • To regulate the market and ensure fair competition
  • To provide financial support to businesses

Which of the following best describes a supplier in a market?

  • A person or company that regulates the market
  • A person or company that sells goods or services to consumers (correct)
  • A person or company that buys goods or services from producers
  • A person or company that provides financial support to businesses

Which of the following is NOT a characteristic of a supplier in a market?

  • Buying goods or services from producers
  • Selling goods or services
  • Providing financial support to businesses
  • Regulating the market (correct)

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