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Questions and Answers
What is considered a sale?
What is considered a sale?
- Both selling goods and delivery of a service for a cost (correct)
- Delivery of a service for a cost
- Selling goods
- Selling goods at a discounted price
Who typically executes the sale?
Who typically executes the sale?
- The buyer
- The seller (correct)
- The salesperson
- The owner of the goods
What is the term for a person who sells goods or service on behalf of the owner?
What is the term for a person who sells goods or service on behalf of the owner?
- Salesclerk
- Shop assistant
- Retail clerk
- Salesperson (correct)
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Study Notes
Understanding Sales
- A sale is considered an exchange of goods or services between a buyer and a seller, involving the transfer of ownership of a product or provision of a service in exchange for payment.
Parties Involved in a Sale
- Typically, a sale is executed by a salesperson or seller who engages with the buyer to facilitate the transaction.
Role of an Agent in a Sale
- A person who sells goods or services on behalf of the owner is referred to as an agent.
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