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Caveat vendor is a principle of ______. - Commercial Applications

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Question

Caveat vendor is a principle of ______.

Options

  • Marketing

  • Selling

  • Personal Selling

  • Advertising

MCQ
Fill in the Blanks

Solution

Caveat vendor is a principle of Marketing.

Explanation:

"Caveat vendor" translates to "let the seller beware." It implies that the seller must be cautious and responsible for providing accurate information about the product or service they are selling. This principle is crucial in marketing, as it ensures transparency and honesty in the promotion and sale of goods and services, ultimately protecting consumers' interests.

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Chapter 1: Markets and Marketing - EXERCISES [Page 12]

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Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 1 Markets and Marketing
EXERCISES | Q 46. | Page 12
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