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Published on: 06/01/2020
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 Test1.
_______is also known as securities market.
Stock market
National market
International mark
Commodity market
2.
Which concept of marketing is product oriented?
Old concept of marketing
Modern concept of marketing
Entity concept of business
None of these
3.
Which type of market deals with the purchase or sale of gold and silver
Capital market
Commodity market
Bullion market
Perfect market
4.
Stock Exchange Market is also called______
Spot Market
Local Market
Security Market
National Market
5.
The marketer initially wants to know in the marketing is_______
Qualification of the customer
Quality of the product
Background of the customers
Needs of the customers
6.
What is the meaning of marketer?
7.
Write a Definition of market.
8.
What is meant by Commodity Market?
9.
What is mean by Regulated Market?
10.
What is Market?
11.
What are the types of capital markets?
12.
What are the types of commodities market?
13.
List down the functions of marketer.
14.
Marketer is an innovator. Do you agree?
15.
What can be marketed in the market? (any 3)
16.
How the market can be classified on the basis of geographical area?
17.
What is your contribution to promote the market in the modern society
18.
How the market can be classified on the basis of Economics?
19.
How the market can be classified? (any 5)
1.
(a)
Stock market
2.
(a)
Old concept of marketing
3.
(c)
Bullion market
4.
(c)
Security Market
5.
(d)
Needs of the customers
6.
(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.
7.
According to Pyle, "Market includes both place and region in which buyers and sellers are in free competition with one another.
8.
Ans.A commodity market isa place whereproduced goods or consumption goods are bought and sold.
9.
Thcsc are types of markets which are organised, controllcd and regulated by statutory measures. Example :Stock Exchange of Chennai,Mumbai, Kolkata, ctc.
10.
(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
11.
(i) Money market: It is a type of market where short term securities are exchanged. It provides short term and very short term finance to industries, banks, governments agencies and financial intermediates.
(ii) Foreign exchange market: It is an international market. This type of markets helps exporters and importers, in converting their currencies into foreign currencies and vice versa.
(iii) Stock market: This is a market where sales and purchases of shares, debentures, bonds etc. It is also known as securities market.
12.
Commodity markets are sub divided into:
(1)Produce Exchange Market:
(i) It is an organised market where commodities or agricultural produce are bought and sold on wholesale basis.
(ii) Examples of produce exchange markets are wheat exchange market of Hapur, the cotton exchange market of Bombay etc.
(2) Manufactured goods market:
(i) This market deals with manufactured goods.
(ii) (E.g) Leather goods, manufactured machinery etc.
(3) Bullion mark
(i) This type of market deals with the purchase or sale of gold and silver.
(ii) Bullion markets of Mumbai, Kolkata, Kanpur etc are examples of such markets.
13.
(i) Gathering and analysing market information
(ii) Market planning
(iii) Product designing and development
(iv) Standardisation and grading
(v) Packaging and labelling
(vi) Branding
(vii) Customer support services
(viii) Pricing of products
(ix) Promotion and selling
(x) Physical distribution
(xi Transportation
(xii Storage and warehousing
14.
Yes, Marketer seeks to distinguish his products/services by adding additional features or functionalities to the existing product, modifying the pricing structure, introducing new delivery pattern, creating new business models, introducing change in production process and soon.
15.
The dynamic items that can be marketed are
listed below:
(i) Goods
(ii) Services
(iii) Experiences
(iv) Events
(v) Persons
(vi) Places
(vii) Properties
(viii) Organisations
(ix) Information
(x) Ideas
16.
On the basis of geographical area can be classified into (a) Family market, (b) Local market, (c) National market, (d) International market or World market.
(a) Family market : When exchange of goods or services are confined within a family or close members of the family, such a market can be called as family market.
(b) Local market: Participation of both the buyers and sellers belonging to a local area or areas, may be a town or village, is called as local market.
(c) National market : Certain type of commodities has demand throughout the country. Hence it is called as a national market.
(d) International market or World market: World or International market is one where the buyers and sellers of goods are from different countries i.e., involvement of buyers and sellers beyond the boundaries of a nation.
17.
(i) My contribution to promote the market in modern society is new technologies promote efficiency
(ii) The ability to teen ideas into new products and sources that people need is the fount of prosperity for any developed county.
(iii) On the basis of different approaches market have been classified on the basis of Area, Nature of goods and Economic view, transaction. Regulation, time, volume and importance.
(iv) To improve the quality of life of the society.
(v) To introduce new models of life.
(vi) To develop product by enchasing market segment
18.
On the basis of Economic the market can be classified into (a) Perfect market (b) Imperfect market
(a). Perfect market: A market is said to be a perfect
market, if it satisfies the following conditions:
(i) Large number of buyers and sellers.
(ii) Prices should be uniform throughout the market.
(iii) Buyers and sellers have a perfect knowledge of market.
(iv) Goods can be moved from one place to another without restrictions.
(v) The goods are identical or homogeneous. It should be remembered that such types of markets are rarely found.
(b). Imperfect market: A market is said to be imperfect when:
(i) Products are similar but not identical
(ii) Prices are not uniform
(iii) There is lack of communication
(iv) There are restrictions on the movement of goods.
19.
The market can be classified as follows:
I. On the basis of Geographical area :
a. Family market
b. Local market
c. National market
d. International market or world market
II. On the basis of commodities /Goods :
a. Commodity market :
(i) Produce Exchange market
(ii) Manufactured goods market
(iii) Bullion market
b.Capital markets :
(i) Money market
(ii) Foreign Exchange market
(iii) The stock Exchange market
III. On the basis of Economics :
(i) Perfect market
(ii) Imperfect market
IV.On the basis of Transaction:
(i) Spot market
(ii) Future market
V. On the basis of regulation:
(i) Regulated nmarket
(ii) Unregulated narket
VI. On the basis of time :
(i) Very short period market
(ii) Short period market
(iii) Long period market
VII. On the basis of volume of business :
(1) Wholesale market
(2) Whole sale market
VIII.On the basis of importance :
(i) Primary market
(ii) Secondary market
(ii) Terminal market
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Tamilnadu Stateboard 12th Standard Subjects

Maths

Chemistry

Physics

Biology

Computer Science

Business Maths and Statistics

Economics

Commerce

Accountancy

History

Computer Applications

Biology

Computer Technology

Computer Applications

Computer Science

Business Maths and Statistics

Commerce

Economics

Maths

Chemistry

Physics

Computer Technology

History

Accountancy

Tamil

English

French
Tamilnadu Stateboard Standards