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Question
What is meant by Grading?
One Line Answer
Solution
Grading means the classification of standardized products into certain well-defined classes.
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Functions of Marketing
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RELATED QUESTIONS
What do you mean by Branding?
Correct the underlined word and rewrite the following sentence
Branding is the process of classification of products according to similar characteristics and/ or quality.
Arrange in proper order.
Grading, Market planning, Distribution
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?
Explain packaging.
Explain standardization.
Explain labeling.
Give one word or phrase or a term which can substitute the following.
A process of giving special identity in the market for product.
Explain the following term/concept in detail:
Branding
