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Published on: 03/12/2019
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 market is regulated and controlled by certain rules?
Commodity market
Produce exchange market
National market
World Market
3.
Stock Exchange Market is also called______
Spot Market
Local Market
Security Market
National Market
4.
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
5.
One who promotes (or) Exchange of goods or services for money is called as______
Seller
Marketer
Customer
Manager
6.
What is the meaning of marketer?
7.
What is unregulated market?
8.
Write a Definition of market.
9.
What is mean by Regulated Market?
10.
Define Marketer.
11.
How the market can be classified on the basis of importance?
12.
What are the types of capital markets?
13.
What are the types of commodities market?
14.
Marketer is an innovator. Do you agree?
15.
Mention any three role of Marketer.
16.
How the market can be classified on the basis of geographical area?
17.
How the market can be classified on the basis of Economics?
1.
(a)
Stock market
2.
(b)
Produce exchange market
3.
(c)
Security Market
4.
(d)
Needs of the customers
5.
(b)
Marketer
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.
A market which is not regulated by statutory measures is called unregulated market
8.
According to Pyle, "Market includes both place and region in which buyers and sellers are in free competition with one another.
9.
Thcsc are types of markets which are organised, controllcd and regulated by statutory measures. Example :Stock Exchange of Chennai,Mumbai, Kolkata, ctc.
10.
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".
11.
(i) Primary market:The primary producers of farm sell their output or products through this type of markets to wholesales or consumers.
(ii) Secondary market: In this market, the semi finished goods are marketed. Here finished goods are not sold. The commodities arrive from other markets.
(iii) Terminal market:It is a central site that serves as an assembly and trading place for commodities in a metropolitan area.
12.
(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.
13.
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.
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.
(i) Instigator : As an instigator, marketer keenly watches the developments taking place in the market and identifies marketing opportunities emerging in the ever changing market. In such a case, marketer plays an instigator and leads the business towards new directions.
(ii) Innovator : Marketer seeks to distinguish his products/services byadding additional features to the existing product. He also does modifying the price structure, introducing new delivery pattern, creating new business models etc.
(iii) Integrator :Marketer playsa role ofintegrator in the sense that he collects feedback or vital inputs from channel members and consumers and provides products/service solutions to customers/consumers by co-ordinating multiple functions of organisation.
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.
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.
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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