Advertisements
Advertisements
Question
What is meant by Grading?
One Line Answer
Advertisements
Solution
Grading means the classification of standardized products into certain well-defined classes.
shaalaa.com
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Answer in one sentence.
What do you mean by ‘standardisation’?
What do you mean by Branding?
Arrange in proper order.
Grading, Market planning, Distribution
Explain the following term/concept.
Packaging
Study the following case/situation and express your opinion.
| Mr. X purchases goods from the nearest shop. Mr. Y purchases mobiles from Tokyo. Mr. Z of Nandurbar purchases electronic goods from Delhi. |
- From which type of market does Mr. X purchase?
- Name the type of market from where Mr. Y deals?
- State the type of market from where Mr. Z purchases goods?
Explain packaging.
Explain standardization.
Give one word or phrase or a term which can substitute the following.
A process of giving special identity in the market for product.
Who is supreme in the Market?
Define Product.
