The practice of buying something in one market and selling it in another market where it earns a higher price is called ________.

Question

Quizplus · Accepted Answer

The practice described in the question is called arbitrage. It involves taking advantage of price differences between two markets for the same product, buying low in one market and selling high in another to earn a profit. Marketing, promotion, and sponsorship refer to other aspects of business and are not relevant to this practice.

The Practice of Buying Something in One Market and Selling