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Published on: 10/10/2019
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.
How the market can be classified on the basis of importance?
2.
Explain the terms spot market and future market.
3.
What are the types of capital markets?
4.
What are the types of commodities market?
5.
List down the functions of marketer.
6.
Explain the types of market on the basis of time.
7.
Marketer is an innovator. Do you agree?
8.
How the market can be classified on the basis of geographical area?
9.
What is your contribution to promote the market in the modern society
10.
How the market can be classified on the basis of Economics?
11.
How the market can be classified? (any 5)
1.
(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.
2.
(i) Spot market: In such markets, goods are exchanged and the physical delivery of goods takes place immediately.
(ii) Future market:ln such markets, contracts are made over the price for future delivery. The dealing and settlement take place on different dates.
3.
(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.
4.
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.
5.
(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
6.
(i) Very shot period market :Markets which deal in perishable goods like fruits, milk, vegetables,etc. are called very short period market.
(ii) Short period market : In certain goods, supply is adjusted to meet the demand. The demand is greater then supply. Such markets are known as shortperiod market.
(iii) Long period market : This type of market deals in durable goods, where the goods and services are dealt for longer period usages.
7.
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.
8.
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.
9.
(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
10.
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.
11.
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