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Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board chapter 8 - Marketing [Latest edition]

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Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board chapter 8 - Marketing - Shaalaa.com
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Chapter 8: Marketing

Exercise
Exercise [Pages 165 - 168]

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board Chapter 8 Marketing Exercise [Pages 165 - 168]

Select the correct option and rewrite the statements.

Exercise | Q 1. (A) 1. | Page 165

The term market is derived from the ______ word 'Mercatus'.

  • French

  • Latin

  • Italian

Exercise | Q 1. (A) 2. | Page 165

In the ______ concept of market, the emphasis is given on 'buying and selling of goods or services'.

  • Place

  • Exchange

  • Customer

Exercise | Q 1. (A) 3. | Page 165

Perishable goods such as vegetables, fruits, milk products, etc. are sold in Market ______.

  • Very Short Period

  • Short Period

  • Long Period

Exercise | Q 1. (A) 4. | Page 165

The retail market is the market where the retailer sells goods directly to the ______ in small quantities.

  • Producer

  • Wholesaler 

  • Consumer

Exercise | Q 1. B) | Page 165

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
Exercise | Q 1. C) 1) | Page 165

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.

Exercise | Q 1. C) 2) | Page 165

Write a word/term/phrase for the following sentence.

Type of market where durable commodities that are generally non-perishable in nature are sold.

Exercise | Q 1. C) 3) | Page 165

Write a word/term/phrase for the following sentence.

The market where goods are sold to the ultimate consumers or the users of the product.

Exercise | Q 1. C) 4) | Page 165

Write a word/term/phrase for the following sentence.

Two sellers, selling either a homogeneous product or a differentiated product.

Exercise | Q 1. C) 5) | Page 165

Write a word/term/phrase for the following sentence.

Giving of distinct name to one's product.

State whether the following statement is true or false.

Exercise | Q 1. D) 1) | Page 166

The term market is derived from the Latin word 'Mercatus'.

  • True

  • False

Exercise | Q 1. D) 2) | Page 166

The market may be defined as aggregate demand by potential buyers for a product or service.

  • True

  • False

Exercise | Q 1. D) 3) | Page 166

The market for the commodities which are produced in one country and sold in other countries is known as the national market.

  • True

  • False

Exercise | Q 1. D) 4) | Page 166

In the wholesale market, sellers are known as retailers and buyers are known as a wholesaler.

  • True

  • False

Exercise | Q 1. E) 1) | Page 166

Find the odd one.

  • Primary Market

  • Secondary Market

  • Retail Market

  • Terminal Market

Exercise | Q 1. E) 2) | Page 166

Find the odd one.

  • Stock Exchange

  • Foreign Exchange

  • Bullion Market

  • Manufactured Goods Market

Exercise | Q 1. E) 3) | Page 166

 Find the odd one.

  • Price

  • People

  • Promotion

  • Product

Exercise | Q 1. E) 4) | Page 166

Find the odd one.

  • People

  • Promotion

  • Physical Evidence

  • Process

Exercise | Q 1. D) 5) | Page 166

Regulated Market operates according to forces of demand and supply.

  • True

  • False

Complete the sentence.

Exercise | Q 1. F) 1) | Page 166

______ is the place where transaction of buying and selling of goods and services take place in exchange for money or money's worth.

Exercise | Q 1. F) 2) | Page 166

______ refers to a market situation when there is a single buyer of a commodity or service.

Exercise | Q 1. F) 3) | Page 166

______ is a slip which is found on the product and provides all the information regarding the product and its producer.

Exercise | Q 1. G) | Page 166

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
Exercise | Q 1. (H) 1) | Page 166

Answer in one sentence.

What do you mean by 'Local Market'?

Exercise | Q 1. (H) 2) | Page 166

Answer in one sentence.

What do you mean by 'Regulated Market'?

Exercise | Q 1. (H) 3) | Page 166

Answer in one sentence.

Define Market.

Exercise | Q 1. (H) 4) | Page 166

Answer in one sentence.

What do you mean by standardization?

Exercise | Q 1. (H) 5) | Page 166

What do you mean by Branding?

Exercise | Q 1. I) 1) | Page 166

Correct the underlined word and rewrite the following sentence.

Commodity Market refers to the market for borrowing and lending long term capital required by the business.

Exercise | Q 1. I) 2) | Page 167

Correct the underlined word and rewrite the following sentence.

In a duopoly, there is a single seller.

Exercise | Q 1. I) 3) | Page 167

Correct the underlined word and rewrite the following sentence.

Pricing bridges the time gap between the production and sale of goods.

Exercise | Q 1. J) 1) | Page 167

Arrange in proper order

Local market, international market, national market.

Exercise | Q 1. J) 2) | Page 166

Arrange in proper order

Grading, Market Planning, Distribution.

Exercise | Q 1. I) 4) | Page 167

Correct the underlined word and rewrite the following sentence

Branding is the process of classification of products according to similar characteristics and/ or quality.

Exercise | Q 1. I) 5) | Page 167

Correct the underlined word and rewrite the following sentence.

Grading helps in avoiding breakage, damage and destruction of the product.

Exercise | Q 2. 10) | Page 167

Explain the following term/concept.

Labeling

Exercise | Q 2. 1) | Page 167

Explain the following term/concept.

Market

Exercise | Q 2. 2) | Page 167

Explain the following term/concept.

Place Concept of Market

Exercise | Q 2. 3) | Page 167

Explain the following term/concept.

Commodity Concept of Market

Exercise | Q 2. 4) | Page 167

Explain the following term/concept.

Digital Concept of Market

Exercise | Q 2. 5) | Page 167

Explain the following term/concept

Product

Exercise | Q 2. 6) | Page 167

Explain the following term/concept.

Price

Exercise | Q 2. 7) | Page 167

Explain the following term/concept.

Promotion

Exercise | Q 2. 8) | Page 167

Explain the following term/concept.

 Marketing Mix

Exercise | Q 2. 9) | Page 167

Explain the following term/concept.

Packaging

Exercise | Q 3. 1) | Page 167

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.

i) From which type of market does Mr.X purchase?

ii) Name the type of market from where Mr.Y deals?

iii) State the type of market from where Mr.Z purchases goods?

Exercise | Q 3. 2) | Page 167

Study the following case/situation and express your opinion.

Mr. X deals in import and export business so he needs different foreign currencies. For the expansion of his business, he borrows money from the bank. He invests his funds in the equity shares.

i) Name the market from where does Mr.X borrow money?

ii) Name the market where does Mr. X invests his funds?

iii) Which type of currency is required for the international market?

Answer in Brief.

Exercise | Q 4. 1) | Page 167

Explain in detail the significance of marketing to society.

Exercise | Q 4. 2) | Page 167

Explain the 4Ps of the product marketing mix.

Exercise | Q 4. 3) | Page 167

Explain 3Ps in the marketing of services.

Exercise | Q 4. 4) | Page 167

Explain types of the market on the basis of the area covered.

Exercise | Q 4. 5) | Page 167

Explain types of the market on the basis of time.

Exercise | Q 5. 1) | Page 167

Justify the following statement.

Marketing is significant to consumers.

Exercise | Q 5. 2) | Page 167

Justify the following statement.

Promotion plays an important role in marketing.

Exercise | Q 5. 3) | Page 167

Justify the following statement.

The market can be classified on the basis of competition.

Exercise | Q 5. 4) | Page 167

Justify the following statement.

Marketing helps in increasing consumer awareness.

Exercise | Q 5. 5) | Page 167

Justify the following statement.

There is a need for branding to get recognition among consumers.

Attempt the following.

Exercise | Q 6. 1) | Page 168

Give classification of the market in detail on the basis of 'Volume of Transaction'

Exercise | Q 6. 2) | Page 168

Give classification of the market on the basis of 'Time'

Exercise | Q 6. 3) b. | Page 168

Explain labeling.

Exercise | Q 6. 3) a. | Page 168

Explain packaging.

Exercise | Q 6. 4) b. | Page 168

Explain grading.

Exercise | Q 6. 4) a. | Page 168

Explain standardization.

Exercise | Q 6. 5) | Page 168

Explain the importance of marketing to the firm.

Exercise | Q 7. 1) b. | Page 168

Explain in detail the concepts of marketing.

Answer the following.

Exercise | Q 7. 1) a. | Page 168

Define Marketing.

Exercise | Q 7. 2) | Page 168

Explain different types of markets in detail.

Exercise | Q 7. 3) | Page 168

Explain in detail the 7Ps of Marketing.

Exercise | Q 7. 4) | Page 168

Explain the functions of marketing in detail.

Exercise | Q 7. 5) a. | Page 168

Explain the importance of marketing to society.

Exercise | Q 7. 5) b. | Page 168

Explain the importance of marketing consumers.

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Chapter 8: Marketing

Exercise
Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board chapter 8 - Marketing - Shaalaa.com

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board chapter 8 - Marketing

Balbharati solutions for Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board chapter 8 (Marketing) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Organisation of Commerce and Management (OCM) 12th Standard HSC Maharashtra State Board chapter 8 Marketing are Concept of Marketing, Markets, Types of Market, Importance of Marketing, Functions of Marketing, Concept of Marketing Mix.

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