Final answer:
In the context of business and marketing, obtaining goods to resale is known as a. 'buying'. This process is part of the larger cycle in which firms purchase from the resource market and sell in the goods and services market.
Step-by-step explanation:
The activity of obtaining goods to resell is known in the marketing and business world as buying. This is an essential function in the goods and services market, where firms act as buyers of what they eventually aim to sell to households. Through this process, firms acquire resources, raw materials, and products from the resource market, which they will utilize or transform into finished goods or services.
These are then offered to consumers in the product market, allowing the firm to earn revenue. This cycle is a key component of market operations, particularly in the context of globalization where buying and selling have increased across national borders.