Advertisements
Advertisements
प्रश्न
State whether the following statement is true or false:
The term market is derived from the Latin word ‘Mercatus’.
पर्याय
True
False
Advertisements
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.
APPEARS IN
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.
List five shopping products purchased by you or your family during the last few months.
What is marketing?
Distinguish between the product concept and production concept of marketing.
Explain any four facilitating functions of marketing.
Write a word/term/phrase for the following sentence.
The market for the commodities which are produced in one country and sold in another countries.
______ is the place where transaction of buying and selling of goods and services take place in exchange for money or money's worth.
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 |
Answer in one sentence.
Define Market.
Explain the following term/concept.
Place Concept of Market
The term ‘market’ may be understood in which of the following contexts?
Find the odd one:
Which activities take place before production?
What does the modern or social view of marketing focus on?
What is the modern meaning of a market?
What is the Exchange Mechanism based on?
What is required regarding the number of parties for an exchange?
Which group consists of Physical Products that can be marketed?
