answersLogoWhite

0


Best Answer

Generally, this phrase can be applied to commerce.

Commodities indicates that the products are common, brand-neutral, useful and currently being produced at the lowest possible cost of goods.


Buying them is a function of the distributor; sellingthem is the function of the retailer.


Summarily, the final purchaser is a consumer.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

Anonymous

Lvl 1
3y ago

input

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Buying and selling commodities is known as?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

What is a buyer and seller of commodities for profit called?

It depends: are we talking about commodities CONTRACTS, or the commodities themselves? A person who specializes in buying and selling commodities futures and options is a commodities broker. Someone who buys and sells the physical good--lumber, wheat, whatever--is a commodities dealer.


What is an agricultural commodities exchange market?

Commodities are traded in futures markets in the US. These are companies that provide a platform for the buying and selling of promises to take or make delivery of a commodity in the future at a specified price. The contracts are fungible so that after buying (promise to take delivery) one can cancel by selling (a promise to make delivery). Commodities are traded in futures markets in the US. These are companies that provide a platform for the buying and selling of promises to take or make delivery of a commodity in the future at a specified price. The contracts are fungible so that after buying (promise to take delivery) one can cancel by selling (a promise to make delivery).


Define a market transaction?

Buying - Selling Buying - Selling


What is Energy Trading?

Energy trading means both the buying and selling of energy ( or energy producing ) commodities such as crude oil, coal, natural gas , electrical power etc. It also covers the aspect of management of the movement and delivery of the energy commodities and management of associated risk


What are commodities futures options used for?

Grain farmers use commodities futures options for getting their products on the market. Without commodities futures options, farmers would have a tough time selling their products.

Related questions

Buying and selling commodities is known as what?

commerce


What is the trading?

Trading means: 1. Buying and selling securities or commodities on a short-term basis, hoping to make quick profits. 2. More generally, any buying and selling of securities, commodities, goods, or services.


What is a buyer and seller of commodities for profit called?

It depends: are we talking about commodities CONTRACTS, or the commodities themselves? A person who specializes in buying and selling commodities futures and options is a commodities broker. Someone who buys and sells the physical good--lumber, wheat, whatever--is a commodities dealer.


What do commodities traders actually do?

Commodity traders are involved in the buying and selling of actual goods, or in the buying and selling of perceived future values of those goods. When one trades in commodities they are trading things like cattle, food stuffs, precious metals, oil, and other similar types of things. Therefore, a commodities trader is a person who is involved in the commodities market, either for their own benefit or employed by a third party for the purpose.


What is Richard Kohl's definition of agricultural marketing?

It is the process of buying and selling agricultural commodities which includes harvesting, sorting, grading, processing, storing, etc.


What is an agricultural commodities exchange market?

Commodities are traded in futures markets in the US. These are companies that provide a platform for the buying and selling of promises to take or make delivery of a commodity in the future at a specified price. The contracts are fungible so that after buying (promise to take delivery) one can cancel by selling (a promise to make delivery). Commodities are traded in futures markets in the US. These are companies that provide a platform for the buying and selling of promises to take or make delivery of a commodity in the future at a specified price. The contracts are fungible so that after buying (promise to take delivery) one can cancel by selling (a promise to make delivery).


What is an alternative term for speculation?

Contemplation, deliberation; conjecture, hypothesis; act of engaging in risky business transactions; buying and selling of commodities in order to profit from market fluctuations


What is the difference between a stock or commodity broker and a stock or commodity trader?

A Trader is someone who buys/sells stocks or commodities. A Broker is one who helps the trader in his buying/selling


How do you perform a scale trade in commodities binary options?

Scale trading is a simple strategy of buying the asset at low prices and selling it when prices are high. However, finding entry point, that is bottom-low price in commodities market is not easy compared to other markets.


What is The practice of buying and selling goods and services over the internet is known as?

E-commerce


What is The practice of buying and selling goods and services over the Internet known as?

E-commerce


Define a market transaction?

Buying - Selling Buying - Selling