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Answer in one sentence. Define Market. - Organisation of Commerce and Management

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प्रश्न

Answer in one sentence.

Define Market.

परिभाषा
एक पंक्ति में उत्तर

उत्तर

 In simple words market is the place where two or more parties are involved in buying and selling. These two parties involved in the transactions are called buyers and sellers.

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अध्याय 8: Marketing - Exercise [पृष्ठ १६६]

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बालभारती Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 8 Marketing
Exercise | Q 1. (H) 3) | पृष्ठ १६६

संबंधित प्रश्न

Ginika, Tanish and Rohit were friends from college days and now they are doing different kinds of business. They regularly meet and discuss their business ideas and exchange notes on customer satisfaction, marketing efforts, product designing, selling techniques, social concerns etc.
In one of such meetings, Ginika drew the attention of Tanish and Rohit towards the exploitation of consumers. She told that most of the sellers were exploiting the consumers in various ways and were not paying attention towards the social, ethical and ecological aspects of marketing, whereas she was not doing so.

Tanish told that they were under pressure to satisfy the consumers, but stated that the consumers would not buy or not buy enough unless they were adequately convinced and motivated for the same.

Rohit stressed that a company cannot achieve its objectives without understanding the needs of the customers. It was the duty of the businessmen to keep consumer satisfaction in mind because business is run by the resources made available to them by the society. He further stated that he himself was taking into consideration the needs of the customers.

Identify the various types of thinking that guided Ginika, Tanish and Rohit in the making efforts of their business. Also. state one more feature of the various types of thinking identified that is not given in the above para.


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


Maruti Vega Ltd.' entered into the market with coloured television and have now introduced products like audio systems, air-conditioners washing machines, etc. The company is not only offering the products but also handling complaints and offering aftersales services.

Identify the element of marketing-mix discussed here.


How do the 'Company-related factors' affect the choice of channels of distribution? Explain


What is the societal concept of marketing?


Answer the question.
Mention two types of markets, on the basis of the position of buyers and sellers.


Name two types of markets on the basis of the nature of transactions. 


Explain any four facilitating functions of marketing.


What is the market? Explain the meaning of the capital market and money market.


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


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


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


Explain the following term/concept.

Digital Concept of Market


Define Marketing.


The term ‘market’ may be understood in which of the following contexts?


According to the modern marketing concept, which of the following statements is true?


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 ______.


Marketing is a ______ process by which people interact with others in order to persuade them to act in a particular way, say to purchase a product or service rather than forcing them to do so. 


Find the odd one:


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