Impex Company is selling electronic products to Carrefour Hyper Market. The company salesperson meets the Carrefour manager for the supply of Impex electronic products. Analyze and identify the type of selling Impex company is performing. a. Selling to Institutions b. Selling to Business uses c. Selling to resellers d. Selling to Government

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Buying

Buying is the activity that involves acquiring something of value in exchange for an asset. The acquisition could be goods or/and services. During the buying process, the exchange of value takes place between two or more parties. For instance, if you are offered a present from your relative, it can not be termed “buying” as value exchange is only from one side. Therefore, any form of gifting is not considered buying. The most common medium of exchange to facilitate buying is currency.