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![Balbharati solutions for Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board chapter 8 - Marketing - Shaalaa.com](/images/organisation-of-commerce-and-management-ocm-english-12-standard-hsc-maharashtra-state-board_6:e9ca439ec07f4f209607fc4b20334236.jpg "Balbharati solutions for Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board chapter 8 - Marketing")
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Solutions for Chapter 8: Marketing
Below listed, you can find solutions for Chapter 8 of Maharashtra State Board Balbharati for Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board.
Balbharati solutions for Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board 8 Marketing Exercise [Pages 165 - 168]
Select the correct option and rewrite the statements.
The term market is derived from the ______ word ‘Mercatus’.
French
Latin
Italian
Greek
In the ______ concept of market, the emphasis is given to the 'buying and selling of goods or services'.
Place
Exchange
Customer
Commodity
Perishable goods such as vegetables, fruits, milk products, etc. are sold in Market ______.
Very Short Period
Short Period
Long Period
The retail market is the market where the retailer sells goods directly to the ______ in small quantities.
Producer
Wholesaler
Consumer
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 | ||
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.
Write a word/term/phrase for the following sentence.
Type of market where durable commodities that are generally non-perishable in nature are sold.
Write a word/term/phrase for the following sentence.
The market is where goods are sold to the ultimate consumers or the users of the product.
Write a word/term/phrase for the following sentence.
Two sellers, selling either a homogeneous product or a differentiated product.
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.
The term market is derived from the Latin word 'Mercatus'.
True
False
The market may be defined as aggregate demand by potential buyers for a product or service.
True
False
The market for the commodities which are produced in one country and sold in other countries is known as the national market.
True
False
In the wholesale market, sellers are known as retailers and buyers are known as wholesalers.
True
False
Find the odd one.
Primary Market
Secondary Market
Retail Market
Terminal Market
Find the odd one.
Stock Exchange
Foreign Exchange
Bullion Market
Manufactured Goods Market
Find the odd one.
Price
People
Promotion
Product
Find the odd one.
People
Promotion
Physical Evidence
Process
Regulated Market operates according to forces of demand and supply.
True
False
Complete the sentence.
______ is the place where transaction of buying and selling of goods and services take place in exchange for money or money's worth.
______ refers to a market situation when there is a single buyer of a commodity or service.
______ is a slip which is found on the product and provides all the information regarding the product and its producer.
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 |
Answer in one sentence.
What do you mean by 'Local Market'?
Answer in one sentence.
What do you mean by 'Regulated Market'?
Answer in one sentence.
Define Market.
Answer in one sentence.
What do you mean by standardization?
What do you mean by Branding?
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.
Correct the underlined word and rewrite the following sentence.
In a duopoly, there is a single seller.
Correct the underlined word and rewrite the following sentence.
Pricing bridges the time gap between the production and sale of goods.
Arrange in proper order
Local market, International market, National market.
Arrange in proper order.
Grading, Market planning, Distribution
Correct the underlined word and rewrite the following sentence
Branding is the process of classification of products according to similar characteristics and/ or quality.
Correct the underlined word and rewrite the following sentence.
Grading helps in avoiding breakage, damage and destruction of the product.
Explain the following term/concept.
Labeling
Explain the following term/concept.
Market
Explain the following term/concept.
Place Concept of Market
Explain the following term/concept.
Commodity Concept of Market
Explain the following term/concept.
Digital Concept of Market
Explain the following term/concept
Product
Explain the following term/concept.
Price
Explain the following term/concept.
Promotion
Explain the following term/concept.
Marketing Mix
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?
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.
- Name the market from where does Mr.X borrow money?
- Name the market where does Mr. X invests his funds?
- Which type of currency is required for the international market?
Answer in Brief.
Explain in detail the significance of marketing to society.
Explain the types of Marketing Mix.
Explain 3Ps in the marketing of services.
Explain types of the market on the basis of the area covered.
Explain types of the market on the basis of time.
Justify the following statement.
Marketing is significant to consumers.
Justify the following statement.
Promotion plays an important role in marketing.
Justify the following statement.
The market can be classified on the basis of competition.
Justify the following statement.
Marketing helps in increasing consumer awareness.
Justify the following statement.
There is a need for branding to get recognition among consumers.
Attempt the following.
Give classification of the market in detail on the basis of 'Volume of Transaction'
Give classification of the market on the basis of 'Time'
Explain packaging.
Explain labeling.
Explain grading.
Explain standardization.
State the importance of marketing to the firm.
Explain in detail the concepts of marketing.
Answer the following.
Define Marketing.
Explain different types of markets in detail.
Explain in detail the 7Ps of Marketing.
Explain any four facilitating functions of marketing.
Explain in detail the significance of marketing to society.
Explain the importance of marketing to the consumers.
Solutions for 8: Marketing
Balbharati solutions for Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board chapter 8 - Marketing
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Concepts covered in Organisation of Commerce and Management (OCM) [English] 12 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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