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Select the correct option and complete the table. (Mercatus, Industrial goods, Oligopoly, E. Jerome McCarthy, Booms and Bitner)

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प्रश्न

Select the correct option and complete the table.

(Mercatus, Industrial goods, Oligopoly, E. Jerome McCarthy, Booms & Bitner)

Group 'A' Group ‘B’
1. Commodity Market ____________
2. ____________ A few sellers
3. ____________ To trade merchandise
4. 4Ps __________________
5. ____________ 3Ps
रिक्त स्थान भरें
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उत्तर

Group ‘A’

Group ‘B’

1. Commodity Market

 Industrial Goods

2. Oligopoly

A few sellers

3. Mercatus

To trade Merchandise

4. 4Ps

E. Jerome McCarthy

5. Booms & Bitner

3Ps

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अध्याय 8: Marketing - Exercise [पृष्ठ १६६]

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संबंधित प्रश्न

Nishtha, Vasvi and Radhika were friends from college time and now they are engaged in different types of businesses. They regularly meet and discuss their business ideas, exchange notes on customer satisfaction, marketing efforts, product designing, selling techniques and social concerns, etc.
Nishtha drew the attention of her friends towards the exploitation of consumers in the market. She said that the sellers were exploiting the consumes in many ways and were not paying attention towards the social, ethical and ecological aspects of marketing. Vasvi said that they were under pressure of consumer satisfaction but observed that the consumers would not buy or not buy enough unless they are adequately convinced and motivated to do the same

Radhika stressed that it was the duty of the businessmen to keep consumer satisfaction in mind because business was run by the resources made available by the society. Thus, a company cannot achieve its objectives without understanding the needs of the customers. The thinking of the three friends was different. These thinkings were guiding the marketing efforts of their business and were known by the different name. Identify these names. Also, state one more feature of each of these thinkings.


Hayaram' is a famous chain selling a large variety of products in the Indian market. Their products include chips, biscuits, sweets and squashes. It charges a comparatively higher price than its competitors as it sells quality products. Besides, it offers regular discounts to its customers and easy credit terms to its retailers. It has five of its own retail shops. It also sells its products through various grocery stores so that the products are made available to customers at the right place, in the right quantity and at the right time. It regularly uses different communication tools to increase its sales.

The above para describes the combination of variables used by Hayaram to prepare its market offering. Identify and explain the variables


Maruti Vega Ltd.' entered into the market with coloured television and have now introduced products like audio systems, air-conditioners washing machines, etc. The company is not only offering the products but also handling complaints and offering aftersales services.

Identify the element of marketing-mix discussed here.


List five shopping products purchased by you or your family during the last few months.


What is marketing? What functions does it perform in the process of exchange of goods and services? Explain.


Explain any four facilitating functions of marketing.


State two features of the modern concept of marketing? 


Match the pairs.

Group A Group B
A) Market 1) Single Seller
B) Registered brands 2) Stock Market
C) Monopoly 3) Distinct Name
D) Branding 4) Mercatus
E) Digital Marketing 5) Single Buyer
    6) lSI
    7) Trademark
    8) Use of traditional media
    9) Multiple sellers
    10) Use of digital media

State whether the following statement is true or false:

The term market is derived from the Latin word ‘Mercatus’.


Explain the following term/concept.

Commodity Concept of Market


Explain the following term/concept.

Digital Concept of Market


The area concept of market is related to exchange concept.


The term market is derived from the ___________ word ‘Mercatus’.


Which one is the example of an Intangible product?


What is Marketing?


The term ‘market’ may be understood in which of the following contexts?


Marketing is a ______ process by which people interact with others in order to persuade them to act in a particular way, say to purchase a product or service rather than forcing them to do so. 


Which of the following statement is true regarding marketing?


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