12th Class Business Studies Marketing Question Bank Topic - 1 MCQs - Marketing

  • question_answer
    The term 'market' is understood in which of the following contexts?

    A) Geographical area covered

    B) Type of buyers

    C) Quantity of goods transacted

    D) All of these

    Correct Answer: D

    Solution :

    [d] Explanation: A market can be defined as a place where buyers and sellers meet to exchange goods, services and other relevant information. Both these parties can meet in a city, state, province, country and region. The market may be a physical or virtual.


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