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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.
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.
What do you mean by the market on basis of importance?
2.
Explain briefly capital Market.
3.
Apart from goods and .services, explain any five items that can be marketed.
4.
How the market can be classified on the basis of geographical area?
5.
What is your contribution to promote the market in the modern society
1.
Primary Market
(i) The Primary producers of farms sell their output or products through this type of market to wholesalers or consumers.
(ii) Such markets can be found in villages and mostly the products arrive from villages.
Secondary Market
(i) In this market, semi-finished goods are marketed.
(ii) Here finished goods are not sold.
(iii) The commodities arrive from other markets.
(iv) The dealings are commonly between wholesalers or between wholesalers and retailers.
Terminal Market
(i) It is a central site that serves as an assembly and trading place for commodities in a metropolitan area.
(ii) For agricultural commodities, these are usually at or near major transportation hubs.
2.
New or going concerns need finance at every stage. Their financial needs are met by capital market. They are of three types:
1. Money market
2. Foreign Exchange market
3. The Stock market
l. Money Market
(i) It is a type of market where money is borrowed or rent.
(ii) This type of market helps the public to invest their supplies fund in industrial concerns and helps people to take loans through banks.
(iii) London is the world's biggest money market.
2. Foreign Exchange Market
(i) It is an international market.
(ii) This type of market helps exporters and importers, in converting their currencies into foreign currencies and vice versa.
3. The Stock Market
(i) This is a market where sales and purchases of shares, debentures, bonds etc. of companies are dealt with.
(ii) It is also known as Securities market.
(iii) Stock Exchanges of Mumbai, Kolkata, Chennai, etc., are examples for this type of market
3.
i. Experiences: The unique and varied experiences pertaining to a place or a park or an event can be marketed under this concept. For eg. Amusement Park, Theme Park, Mountaineering etc.,
ii. Events: The event marketing aims at promoting and marketing of special events, shows, exhibitions, fairs, performances, sports events like World Cup, Olympics, T20 etc.,
iii. Persons: The marketing of goods and services through celebrities is a successful formula for creating a brand relationship with the consumers. The endorsement for the brand of a company can be carried down by Cinema stars, Sports Stars, Musicians and eminent personalities.
iv. Places: Under place marketing, tourist business prospects, new residents and land are appealed to visit and particular geography by promoting special characteristics of places like infrastructural facilities, amusement, climatic conditions, entertainment, culture etc.,
v. Properties: Properties include both real property and financial property which involve transfer of ownership on sale or purchase of the same. For eg. Constructed house, Land, Plot, Building, Shares, Debentures, Mutual funds etc.
4.
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.
5.
(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
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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