Select the correct option and rewrite the completed sentence.

1) The term market is derived from the ____________ word ‘Mercatus’
a) French
b) Latin
c) Italian
Ans:- b) Latin

2) In the ____________ concept of market, the emphasis is given on ‘buying and selling of goods or services’.
a) Place
b) Exchange
c) Customer
Ans:- b) Exchange

3) Perishable goods such as vegetables, fruits, milk products, etc. are sold in Marketat.
a) Very Short Period
b) Short Period
c) Long Period
Ans:-a) Very Short Period 

4) The retail market is the market where the retailer sells goods directly to the____________in small quantities.
a) Producer
b) Wholesaler
c) Consumer
Ans:-c) Consumer