Commercial Applications
On the basis of geographical area, market is classified into?
- In-house market
- Regional market
- Primary market
- Spot market
Answer
Regional market
Reason — On the basis of geographical area, markets are classified into local, regional, national and international markets. In-house is a non-traditional market, primary market is on the basis of position of buyers and sellers, and spot market is on the basis of nature of transactions.
Related Questions
Economic, social, legal and other forces influence marketing activities therefore, marketing is ……………
- A system
- Persuasive
- Part of total environment
- Creative
Modern marketing has created several non-traditional markets' like ……………
- Future market
- The international market
- Automatic vending machines
- The consumers' market
Marketing was considered to be mere distribution in this stage of Marketing:
- Production-oriented stage
- Sales-oriented stage
- Product-oriented stage
- Marketing-oriented stage
In non-business organization marketing is necessary for ……………
- Creating demand
- Facing competition
- Spreading socially useful ideas
- Widening market