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11th Commerce - Concept of Market and Marketer - Two Marks Study Materials

Published on: 22/01/2020

Concept of Market and Marketer

Download Tamil Nadu 12th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

Questions + Answers key

Take MCQ Commerce Test

QB365 Student Learing Managemnet System

Std: 12th Standard - Commerce

chapter: - Model Question paper

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Questions:

Generic 2

8 x 2 = 16

What is the meaning of marketer?

What is unregulated market?

Write a Definition of market.

What is meant by Commodity Market?

Mention any four differences between Wholesale Market and Retail market?

What is mean by Regulated Market?

Define Marketer.

What is Market?

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Answers Key:

Generic 2

8 x 2 = 16

(i) One who deals in a market; specifically, one who promotes or sells a product or service.
(ii) A marketer is some one whose job involves marketing.
(iii) Someone who promotes or exchanges goods or exchanges goods or services for money.

A market which is not regulated by statutory measures is called unregulated market

According to Pyle, "Market includes both place and region in which buyers and sellers are in free competition with one another.

Ans.A commodity market isa place whereproduced goods or consumption goods are bought and sold.

S.No	Wholesale Market	Retail Market
1.	Wholesale market is a link between manufacture and retailer	Retail market is a link between wholesaler and ultimate consumer
2.	Wholesale market buys in large quantities from the manufacturers	Retail market buys in small quantities from the wholesalers.
3.	Wholesale market deals one line of products.	Retail market deals in different types of products
4.	Business spread to different areas	Business located in particular place of area.

Thcsc are types of markets which are organised, controllcd and regulated by statutory measures. Example :Stock Exchange of Chennai,Mumbai, Kolkata, ctc.

Ans.According to Business dictionary "A person whosc duties include the identification of the goodsandservices desired by a set of consumers, as well as the marketing of those goods and services on behalf of the company".

(i) The word market is derived fronn the Latin word 'Marcatus' which means trade, commerce, merchandise, a place where business is transacted
(ii) The comon usage of market means a place where oods are bought or sold. In simple words, themecting placc of buyers and sellers in an arca is called market