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Explain the following function of marketing: Grading - Business Studies

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प्रश्न

Explain the following function of marketing:

Grading

टीपा लिहा

उत्तर

Grading is the process of classification of products according to similar characteristics and/or quality. Grading is done on the basis of their features like size, shape quality etc. Generally grading is done in case of agricultural products like wheat, rice, potatoes etc.

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संबंधित प्रश्‍न

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


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


What is marketing concept? How does it help in the effective marketing of goods and services.


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. 


Differentiate between the traditional concept of marketing and the modem concept of marketing.


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.


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.

Define Market.


Define Marketing.


The area concept of market is related to exchange concept.


The term market is derived from the ___________ word ‘Mercatus’.


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


Marketing is called a ____________ process because it involves the interaction of buyers and sellers.


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. 


Which of the following statement is true regarding marketing?


Customer orientation is a modern approach to marketing.


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