Tag: meaning and definition of market

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Multiple choice commercial studies concept of market and marketer meaning and importance of marketing meaning and definition of market introduction to marketing marketing environment meaning and definition of marketer role of marketing

Match the following statements with their authors:

a) "Marketing is the delivery standard of living." i) Peter F. Drucker
b) "Marketing comprises both buying and selling activities." ii) Philip Kotler
c) "Marketing is human activity directed at satisfying needs and wants through exchange process." iii) Paul Mazur
d) "Marketing is a process which converts a resource, distinct knowledge into a contribution of economic value in the market place." iv) Pyle

  1. (a)-(iv), (b)-(iii), (c)-(i), (d)-(ii)

  2. (a)-(iv), (b)-(ii), (c)-(iii), (d)-(i)

  3. (a)-(iii), (b)-(iv), (c)-(ii), (d)-(i)

  4. (a)-(i), (b)-(ii), (c)-(iv), (d)-(iii)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Matching the authors to their quotes: (a) Paul Mazur, (b) Pyle, (c) Philip Kotler, (d) Peter F. Drucker. Option A correctly maps these.

Multiple choice organisation of commerce and management concept of market and marketer meaning and importance of marketing meaning and definition of market introduction to marketing marketing environment meaning and definition of marketer role of marketing

Markets dealing with residential loans, industry real estate loans, agricultural loans and commercial loans are called _____________.

  1. residential markets

  2. mortgage markets

  3. agriculture markets

  4. commercial markets
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Markets that deal with various types of loans, including residential, industrial, agricultural, and commercial, are collectively referred to as mortgage markets.

Multiple choice organisation of commerce and management concept of market and marketer meaning and importance of marketing meaning and definition of market introduction to marketing marketing environment meaning and definition of marketer role of marketing

The _________ is especially well suited to offer hedging protection against transactions risk exposure.

  1. forward market

  2. spot market

  3. transactions market

  4. inflation-rate market
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Forward markets allow parties to lock in an exchange rate for a future date, which is a primary method for hedging against currency transaction risk.