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TN 12th Computer Applications மின்னணு செலுத்தல் முறைகள் Sample Question Papers Study Material - QB365 Set A

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12th Standard Commerce English Medium - Concept of Market and Marketer 2 Mark Creative Question Paper and Answer Key 2022 - 2023

Published on: 03/09/2022

QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Commerce Subject - Concept of Market and Marketer, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.

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Questions:

Generic 2

5 x 2 = 10

What is a market?

What is the meaning of marketer?

What is unregulated market?

Write a Definition of market.

Mention any four differences between Wholesale Market and Retail market?

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Answers Key:

Generic 2

5 x 2 = 10

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

(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.

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.