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Question
What is meant by Grading?
One Line Answer
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Solution
Grading means the classification of standardized products into certain well-defined classes.
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RELATED QUESTIONS
Arrange in proper order.
Grading, Market planning, Distribution
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 grading.
Define Product.
Explain the following term/concept in detail:
Branding
Which function of marketing involves collecting and studying market data to understand customer needs and market trends?
Which of the following sets of decisions is included in marketing planning?
A strong brand name:
Which of the following are tools used in promotion?
Which functions of marketing maintain a steady availability of products to consumers?
