The markets are grouped into different types based on the geographical area, location of market palace, product, nature of transaction, and volume of the transaction: In the above statement the following is NOT correct:

Related MCQs

• A form of distribution in which manufacturer makes an agreement, with a middleman in each market area stipulating that the distribution of the product within that is to be confined solely to that middleman is known as-
• If a company were to make a product such as a suit of clothes and sold that product to a retailer, the company would have sold to the _______ market.
• The practice of going after a large share of a smaller market or subsets of a few markets is called ____________.
• The choice between high markups and high volume is part of which of the following retailer marketing decisions?
• Bank of Mathura is offering 1 % higher interest rate on fixed deposit to senior citizens of 60 years and above. It is practicing ______________.
• Which of the following pricing methods is NOT based on competitors pricing?
• Out of the following_____________ is NOT one of the three levels of a product.
• Out of the items mentioned below_____________ is NOT a product.
• Which of the following product is being sold under the brand name ZODIAC?
• Economists use the term_____________ to refer to a collection of buyers and sellers who transact in a particular product class.