Correct the underlined word and rewrite the following sentence.

1. Commodity Market refers to the market for borrowing and lending long term capital required by the business.
Ans: Capital market refers to the market for borrowing and lending long term capital required by the business.

2. In a duopoly, there is a single seller.
Ans: In Monopoly there is a single seller.

3. Pricing bridges the time gap between the production and sale of goods.
Ans: Warehousing bridges the time gap between the production and sale of goods.

4. Branding is the process of classification of products according to similar characteristics and/ or quality.
Ans: Grading is the process of classification of products according to similar characteristics and/ or quality.

5. Grading helps in avoiding breakage, damage and destruction of the product.
Ans: Packaging helps in avoiding breakage, damage and destruction of the product.