Chapter 13: Concept of Market and Marketer — Online MCQ Test
COMMERCE · CLASS 12th · Tamil Nadu State Board
Practice Chapter 13: Concept of Market and Marketer with a free chapter-wise online MCQ test.
This chapter covers: This chapter covers basic market classifications marketer roles and commercial functions. Students explore market criteria definitions of marketable entities and key responsibiliti....
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Chapter 13: Concept of Market and Marketer — Important Questions & Answers
What is the meaning of market in commerce?
- A. A place where buyers and sellers meet to exchange goods and services
- B. Only a physical shop
- C. A government office for trade
- D. A place where goods are manufactured
Answer: A. A place where buyers and sellers meet to exchange goods and services
A market is a mechanism or place where buyers and sellers come together to exchange goods and services.
A market is a mechanism or place where buyers and sellers come together to exchange goods and services.
Who is a marketer?
- A. A person who only produces goods
- B. A person who buys goods for personal use
- C. A person or institution that performs marketing functions
- D. A person who stores goods in a warehouse
Answer: C. A person or institution that performs marketing functions
A marketer undertakes marketing activities such as planning, pricing, promotion, and distribution.
A marketer undertakes marketing activities such as planning, pricing, promotion, and distribution.
A market in which goods are bought and sold for immediate delivery is called a ______.
- A. Capital market
- B. Spot market
- C. Future market
- D. Money market
Answer: B. Spot market
A spot market refers to immediate sale and delivery of goods or securities.
A spot market refers to immediate sale and delivery of goods or securities.
A market dealing in shares and debentures is called a:
- A. Goods market
- B. Capital market
- C. Foreign market
- D. Retail market
Answer: B. Capital market
Capital market deals with long-term financial instruments such as shares and debentures.
Capital market deals with long-term financial instruments such as shares and debentures.
In the context of marketable entities, which one is the most comprehensive classification?
- A. Goods, services, ideas, persons, places and events
- B. Only goods and money
- C. Only services and stock
- D. Only products sold in shops
Answer: A. Goods, services, ideas, persons, places and events
Modern marketing extends beyond goods to include services, ideas, persons, places, and events as marketable entities.
Modern marketing extends beyond goods to include services, ideas, persons, places, and events as marketable entities.