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प्रश्न
State whether the following statement is true or false:
The term market is derived from the Latin word ‘Mercatus’.
विकल्प
True
False
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उत्तर
This statement is true.
Explanation:
The term market is derived from the Latin word ‘Mercatus’, which means ‘to trade’, ‘to trade merchandise’ or ‘a place where business is transacted’. In simple words, a market is a place where two or more parties are involved in buying and selling.
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संबंधित प्रश्न
What is marketing? What functions does it perform in the process of exchange of goods and services? Explain.
Differentiate between the traditional concept of marketing and the modern concept of marketing.
State two features of the modern concept of marketing?
Write short notes on:
Marketing research.
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 | ||
Answer in one sentence.
Define Market.
Explain the following term/concept.
Commodity Concept of Market
Explain the following term/concept.
Digital Concept of Market
What is need for the market and explain the concept of marketing?
With which element is the exchange mechanism related?
Marketing is called a ____________ process because it involves the interaction of buyers and sellers.
Which of the following statements is incorrect?
The marketing concept is based on which of the following points.
Which of the following statements is true regarding marketing?
Which of the following statement is true regarding marketing?
Customer orientation is a modern approach to marketing.
