Advertisements
Advertisements
Question
The term Caveat emptor means ______.
Options
Let the seller beware
Direct mail
Customer is king
Let the producer beware
Solution
The term Caveat emptor means let the seller beware.
Explanation:
Caveat emptor is a Latin phrase that means "Let the buyer beware," not "Let the seller beware." This principle places the onus on buyers to perform due diligence before making a purchase. However, if you are asking for the correct phrase, "Let the buyer beware" is the correct understanding of "Caveat emptor." None of the provided options correctly translate the term "Caveat emptor."
APPEARS IN
RELATED QUESTIONS
Caveat vendor means ______.
Distinguish between Marketing and Selling.
Selling pre-supposes the existence of demand for the firm's product; on the other hand, marketing involves creation and maintenance of ______ demand.
Selling involves ______ of goods and services.
Selling is internally oriented because it seeks to ______ profits through increased volume of sale.
Selling is ______ and ______.
Which of the statements are not true for selling?
Selling involves exchange of goods for money between the sellers and buyers. Selling focuses on the needs of seller, and the marketing, on the needs of the ______.
Marketing is a ______ term than selling.
Selling aims at ______.
