What is the nature of a relationship in which a business sells inventory to a customer to which it is not related or connected in anyway?

Question

Quizplus · Accepted Answer

An arm's length transaction is one in which the parties involved are independent and on an equal footing, such as a business selling inventory to an unrelated customer. This ensures that both parties act in their own self-interest and are not subject to any undue influence from the other.

What Is the Nature of a Relationship in Which a Business