Advertisements
Advertisements
प्रश्न
Explain the following term/concept.
Place Concept of Market
Advertisements
उत्तर
The term market is commonly understood as the place where the buying and selling of goods and services occurs in exchange for money or money’s worth. It is the place where buyers, sellers, and other intermediaries come together and exchange goods or services.
In earlier periods, place played an important role in shaping the market. But in the age of information technology, the term ‘market’ has a wider meaning than just a place.
APPEARS IN
संबंधित प्रश्न
What is marketing concept?
Name two types of markets on the basis of the nature of transactions.
The term market is derived from the ______ word ‘Mercatus’.
State whether the following statement is true or false:
The term market is derived from the Latin word ‘Mercatus’.
Answer in one sentence.
Define Market.
Which one is the example of an Intangible product?
The term ‘market’ may be understood in which of the following contexts?
A person feeling hungry may get food by offering to give money or some other product or service in return to someone who is willing to accept the same for food. The important feature of marketing illustrated above is ______.
The marketing concept is based on which of the following points.
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.
Customer orientation is a modern approach to marketing.
Which group includes stakeholders on whom a company depends?
What is the traditional meaning of a market?
Besides a place of exchange, which uses of the term market are identified?
When do customers buy products in relation to Customer Value?
What is required regarding the number of parties for an exchange?
Which organisations use marketing besides businesses?
Which group consists of Ideas that can be marketed?
Why is exchange considered the essence of marketing?
