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Distinguish between market and marketing.

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Question

Distinguish between market and marketing.

Distinguish Between
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Solution

Sr. No. Basis of distinction Market Marketing
1. Meaning Market means exchanging a product or service between a buyer and a seller. Marketing means all the activities involved in planning, pricing, promoting and distributing satisfying products and services.
2. Nature The market is an interaction. Marketing is a process.
3. Scope The market is a narrow concept. Marketing is a wide concept.
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Chapter 1: Markets and Marketing - QUESTION BANK [Page 15]

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Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 1 Markets and Marketing
QUESTION BANK | Q 3. | Page 15
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