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Q.

Choose if the given statement is True/False.

The market is not only a physical place.

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a

True

b

False

answer is A.

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Detailed Solution

The above statement is true.
The market is not only a physical place. It is a place where all buyers and sellers meet and do transactions of goods and services. It can be a physical place or an online platform. It is not restricted to only physical locations. The physical market is where buyers and sellers meet in physical places like retail shops or complexes. On the other hand, the virtual market is the market where both buyers and sellers meet virtually, like Flipkart, an amazon online shopping platform.

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Choose if the given statement is True/False.The market is not only a physical place.