Commercial Applications
In ……………, the purpose is to make profit out of fluctuation in prices.
- Spot market
- Future market
- Catalogue market
- Secondary market
Answer
Future market
Reason — In a future market, buyers and sellers enter into future contracts without the intention of actual delivery of goods. Their purpose is to make profit out of fluctuations in prices. In a spot market, on the other hand, goods are physically transferred from sellers to buyers.
Related Questions
Standardised products are …………… in nature.
- Heterogeneous
- Spontaneous
- Homogeneous
- Extraneous
In …………… stage there was a mass production, supply exceeds demand.
- Production-oriented stage
- Marketing-oriented stage
- Sales-oriented stage
- Societal Marketing stage
Which stage of marketing is characterised by hard selling?
- Production oriented stage
- Product oriented stage
- Sales oriented stage
- Societal marketing stage
Marketing uses ……………
- Integrated approach
- Persuasion and promotion
- Product approach
- Market approach