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Question
The area concept of market is related to exchange concept.
Options
True
False
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Solution
The area concept of market is related to exchange concept. - True
RELATED QUESTIONS
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
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Distinguish between the product concept and production concept of marketing.
Answer the question.
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Explain any four facilitating functions of marketing.
Differentiate between the traditional concept of marketing and 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 | ||
The market may be defined as aggregate demand by potential buyers for a product or service.
Answer in one sentence.
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Explain the following term/concept.
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Explain the following term/concept.
Digital Concept of Market
Define Marketing.
The term market is derived from the ___________ word ‘Mercatus’.
Which one is the example of an Intangible product?
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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 ______.
Which of the following statements is true regarding marketing?
