IN A PERFECT COMPETITION, THE MARKET PRICE IS DETERMINED BY
A. the government B. the producer C. the consumer D. the market supply and demand junctions ✓ The answer to the question is: D. the market supply and demand junctions In a perfect competition, the market price is determined by the market supply and…
IN A FREE MARKET ECONOMY, THE RATIONING OF SCARCE GOODS IS DONE PRINCIPALLY BY
A. the government B. business organizations C. the price mechanism ✓ D. consumers The answer to the question is: C. the price mechanism In a free market economy, the rationing of scarce goods is principally done by the price mechanism. This means that the…
THE USE OF THE BANK RATE, CASH RATIO AND OPEN MARKET OPERATIONS CONSTITUTE
A. monetary policy ✓ B. export policy C. fiscal policy D. import policy The answer to the question is: A. monetary policy The use of the bank rate, cash ratio, and open market operations constitutes monetary policy. Monetary policy refers to the actions undertaken…
MARKET SEGMENTATION
Perhaps the most important marketing decision a firm makes is the selection of one or more market segments on which to focus. A market segment is a portion of larger market whose needs differ somewhat from the larger market. Since…
INSURANCE MARKET
The market is a place of business interaction between producers, sellers and consumers for the exchange of goods and services. It takes the form of shop , office, street market, etc. Insurance market refers to the facilities that are available…
TYPES OF MARKET
Marketing consists of the performance of business activities that direct the flow of goods and services from the producer to the consumer or users in order to satisfy customers and accomplish the company’s objectives. It encompasses all activities aimed at…
MARKET RESEARCH AND MARKETING CONCEPT
MARKET RESEARCH Market research is the study of consumers’ demand by a firm in order to assist it in expanding its output and the marketing of its product. It is the systematic and objective search for and the analysis of…
STOCK EXCHANGE AND SECOND TIER SECURITIES MARKET
MEANING OF STOCK EXCHANGE Stock exchange market is a highly organised market where investors can buy and sell existing securities like shares, stocks, debentures, gilt edge etc. This is a market where those who are interested in purchase of securities…
SUPER MARKET AND HYPERMARKET
Super Market A super market is a large retailing business unit selling mainly food and household items on the basis of high turnover, wide variety and assortment, self-services with much emphasis on merchandise appeal. In order to stimulate store traffic,…
MONEY MARKET
Money market can be defined as a market for short-term loan. The market consists of institutions or individuals who either have money to lend or wish to borrow on a short-term basis. Instruments used in the money market Treasury…
ORGANIZING FOR INTERNATIONAL MARKETING
KEY APPROACHES TO ENTERING INTERNATIONAL MARKET International marketing can be a great way to grow a company, but it also entails risk. Any entrepreneur looking forward to expand into foreign markets must first gather information, prepare an export plan and…
LABOUR MARKET
Labour can be defined as all human efforts of any kind, either skilled or unskilled, mental or manual, directed towards the production of goods and services. Market on the other hand is defined as a place or any means of…
MARKET
A market is simply a combination of buyers and sellers. These two groups can meet in a physical place (a shop, for example) or can meet across miles, aided by telecommunications (increasingly, the internet). They meet to buy and sell…
Study Guide
