Commercial Applications
Caveat vendor is a principle of:
- Marketing
- Selling
- Personal Selling
- Advertising
Markets & Marketing
1 Like
Answer
Marketing
Reason — 'Caveat vendor' (let the seller beware) is a principle of marketing where the seller is responsible for the quality and suitability of the product to the customer. This is in line with the modern marketing concept that focuses on customer satisfaction. In contrast, 'caveat emptor' (let the buyer beware) is associated with the selling concept.
Answered By
3 Likes
Related Questions
In non-business organization marketing is necessary for ……………
- Creating demand
- Facing competition
- Spreading socially useful ideas
- Widening market
…………… is not a concept of market.
- Area concept
- Demand concept
- People concept
- Supplier concept
Which of the following is not a feature of service?
- Life Cycle
- Perishability
- Inseparability of buyers and sellers
- Variability
Which market provides long term finance to business enterprises?
- Capital market
- Commodity market
- Primary market
- Money market