Commercial Applications
…………… is the type of market on the basis of nature of goods.
- Wholesale market
- Retail market
- Money market
- Consumers' market
Markets & Marketing
3 Likes
Answer
Consumers' market
Reason — On the basis of the nature of goods, markets are classified into consumers' market (goods purchased for personal consumption) and producers' market (goods purchased for further production). Wholesale and retail markets are based on volume of business, while money market is based on subject of exchange.
Answered By
3 Likes
Related Questions
A company must balance profits, consumer satisfaction and public welfare. Which stage of marketing emphasises on the given statement?
- Sales-oriented stage
- Product-oriented stage
- Societal marketing stage
- Marketing-oriented stage
During the …………… stage, from 1950-1960; marketers' focus shifted from promotion to product improvement?
- Marketing oriented stage
- Product oriented stage
- Production oriented stage
- Sales oriented stage
In this type of market, customers select goods by reading the detailed literature and examining the samples:
- Mail order market
- Tele market
- Catalogue market
- Online market
In this stage of marketing, the motto was to 'Sell what can be produced':
- Product oriented stage
- Production oriented stage
- Marketing oriented stage
- Sales oriented stage