Description : A time based market basically for perishable goods
Last Answer : Ans. Short period market
Description : 1. Food items – Fish, Salt, Beverages, Durable Goods.
Last Answer : Find the odd word out: 1. Food items - Fish, Salt, Beverages, Durable Goods. 2 ... activities, Law standard of living, Malnutrition and starvation.
Description : The difference between the GNP and the NNP is equal to the - (1) consumer expenditure on durable goods (2) direct tax revenue (3) indirect tax revenue (4) capital depreciation
Last Answer : (4) capital depreciation Explanation: Depreciation refers to two very different but related concepts: the decrease in value of assets (fair value depreciation), and the allocation of the cost of ... equal to capital depreciation. It is the wearing out, breaking down, or technological obsolescence.
Description : Consumer's surplus is the highest in the case of: (1) durable goods (2) luxuries (3) comforts (4) necessities
Last Answer : (4) necessities Explanation: Consumer surplus is the difference between the price consumers would be prepared to pay and the actual market price.
Description : Which of the following are consumer semi-durable goods? (1) Cars and television sets (2) Milk and Milk products (3) Foodgrains and other food products (4) Electrical appliance like fans and electric irons.
Last Answer : (3) Foodgrains and other food products Explanation: Goods which are neither indestructible nor lasting are defined as Semi Durable Goods. They fall in the category between Durable Goods and ... are clothing or preserved foods: vehicles and electronic home appliances are classified as Durable Goods.
Description : When a Bank provides a loan for purchase of white goods, it is categorised as _____________ A. Consumption loan B. White Goods loan C. Consumer Durable loan D. Working Capital
Last Answer : C. Consumer Durable loan Explanation: Consumer Durable loan is a finance option for purchase of (White Goods) household items like Washing Machines, Refrigerators, AC, LED, LCD, Microwaves etc.
Description : Capital goods are the goods which are 1. consumed directly 2. durable goods 3. used for further production 4. both 1 & 2 5. none of thes
Last Answer : used for further production
Description : Marketers can make better decisions if they analyse service products in terms of: A)durable and nondurable goods. B)durable and complex goods. C)complexity and variability. D)consumer and industrial goods. E)versatility and reliability.
Last Answer : C)complexity and variability.
Description : The difference between the GNP and the NNP is equal to the (1) consumer expenditure on durable goods (2) direct tax revenue (3) indirect tax revenue (4) capital depreciation
Last Answer : capital depreciation
Description : Which of the following are consumer semi-durable goods ? (1) Cars and television sets (2) Milk and Milk products (3) Foodgrains and other food products (4) Electrical appliance like fans and electric irons.
Last Answer : Foodgrains and other food products
Description : Consumer’s surplus is the highest in the case of: (1) durable goods (2) luxuries (3) comforts (4) necessities
Last Answer : necessities
Description : Forestry outside the conventional forests which primarily aim at providing continuous flow of goods and services for the benefit of people
Last Answer : Ans. Social forestry
Description : The tax which is levied on goods or services produced or purchased.
Last Answer : Ans. Indirect tax
Description : Under perfect competition market, maximum profit is obtained when
Last Answer : Ans. Marginal Return = Marginal Cost
Description : The portion which is usually brought to the market at a particular time for sale.
Last Answer : Ans. Marketed surplus
Description : A market where homogenous products and large no. of buyers and salers are found
Last Answer : Ans. Pure Market
Description : A market consisting of single buyer of a product
Last Answer : Ans. Monosony market
Description : The market which is permanent in nature
Last Answer : Ans. Secular market
Description : Which one is a competitive market?
Last Answer : Ans. Perfect market
Description : Which market ensure fair price
Last Answer : Ans. Regulate market
Description : Food grain markets, vegetable markets, wool market are the example of
Last Answer : Ans. Special market
Description : The market used for food grains
Last Answer : Ans. Regional or State market
Description : Harvesting stage of tomato for distant market/transportation
Last Answer : Ans. Mature green stage
Description : What steps were taken by the East India Company to control the market of cotton and silk goods ? -SST 10th
Last Answer : (i) Monopoly right : Once the East India Company established political power, it asserted a monopoly right to trade (ii) New system : After establishing monopoly over trade :t proceeded to develop ... Company used its police. At many places weaver were often beaten and flogged for delays in supply.
Description : Name the goods from India Which dominated the international market before the age of machine industries. -SST 10th
Last Answer : Silk and Cotton.
Description : How did the British market their goods in India? -SST 10th
Last Answer : British market their goods in India in the following ways: 1.Advertisement of the product: Advertisements make products appear desirable and necessary. They try to shape the minds of people and create new ... shops and in poor people's homes, just as much as in offices and middle class houses.
Description : What measures were adopted by the producers in India to expand the market for their goods in the nineteenth century? -SST 10th
Last Answer : When Indian businessmen set up industries in the late 19 th century they avoided competing with Manchester goods in the Indian market.Since yarn was not an important part of British imports ... operated in India itself and when opportunities of investment in industries opened up, set up factories.
Description : What steps were taken by the East India Company to control the market of cotton and silk goods? -SST 10th
Last Answer : (i) The East India Company tried to eliminate the existing traders and appointed 'Gomasthas' as supervisors. (ii) The system of advances was introduced to have a direct control over the weavers. ... the prices fixed by the company. (iii) There were reports of clashes of weavers with Gomasthas.
Description : The Indian market has emerged as one of the largest importers of South East Asian goods.
Last Answer : A - The Indian market has emerged as one of the largest importers of South East Asian goods. ... correct but R is not the correct explanation of A.
Description : In a pure market economy who determines which goods and services are produced and in what quantities?
Last Answer : Need answer
Description : What required American colonies to supply England with raw materials and a market for finish goods?
Last Answer : Navigation acts
Description : Why do firms produce goods and services in a market economy?
Last Answer : Feel Free to Answer
Description : People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?
Last Answer : c
Description : The system that’s used colonies as a source of raw material and a market for finished goods is called?
Last Answer : Mercantilism
Description : A Black Market is a situation where in (1) Goods are loaded by the producers (2) Goods are sold secretly (3) Goods are sold at prices higher than what is fixed by the Government (4) Goods are made available
Last Answer : (2) Goods are sold secretly Explanation: Black market is the market in which illegal goods are traded. Goods acquired illegally take one of two price levels: (i) they may be cheaper than legal ... defining feature of black markets is that they have to be carried out secretly as they are illegal.
Description : Which terns is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country? (1) GDP (2) GPN (3) OMP (4) GNP
Last Answer : (4) GNP Explanation: Gross National Product (GNP) is defined as "the market value of all goods and services produced in one year by labour and property supplied by the residents of a country. It is ... ), defined as "the value of all final goods and services produced in a country in I year."
Description : Value-added means value of - (1) output at factor cost (2) output at market prices (3) goods and services less depreciation (4) goods and services less cost of intermediate goods and services
Last Answer : (4) goods and services less cost of intermediate goods and services Explanation: Value added is an economic term to express the difference between the value of goods and the cost of materials or ... services by others. So it is of goods and services less cost of intermediate goods and services.
Description : The term 'Dumping' refers to - (1) The sale of a substandard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty
Last Answer : (2) Sale in a foreign market of a commodity at a price below marginal cost Explanation: Dumping is an international price discrimination in which an exporter firm sells a portion of its out-put in ... , incurring loss in the foreign market (International Economics by M. Maria. John Kennedy, p.122).
Description : The term "market" in Economics means - (1) A central place (2) Presence of competition (3) Place where goods are stored (4) Shops and super bazars
Last Answer : (1) A central place Explanation: The most important defining characteristic of a market in economics is that it allows buyers and sellers to exchange any type of goods, services and ... place is so called because it is centrally located to maximize accessibility from the surrounding region.
Description : Which of the following is NOT an example of a global strategy? a) The British subsidiary of global insurance group Aviva develops a new product for the UK market. b) IKEA sells ... Walmart withdraws from Germany in order to avoid changing its global strategy of selling low-priced products.
Last Answer : The British subsidiary of global insurance group Aviva develops a new product for the UK market
Description : The functions of distribution channel do not include __ 1. Gathering and providing market information 2. Marketing research 3. Assisting the consumer in understanding and using the goods 4. Promoting the sales of goods 5. none of these
Last Answer : Marketing research
Description : What does the acronym FMCG refer to ? 1. Functional, mid-riced, or compulsory goods 2. Famous, manufacturer's clothing goods (i.e., designer labels) 3. Fast Moving Consumer Goods 4. Frequent Market Consumption Goods 5. None of thes
Last Answer : Fast Moving Consumer Goods
Description : Which of the following is necessary for a natural monopoly? a. economies of scale b. a high proportion of the total cost is the cost of capital goods c. the market is very small d. all of the above
Last Answer : d. all of the above
Description : 1) Which among the following could be said to be an 'Open Economy'? a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other ... services and financial assets c) An economy that operates without government intervention d) None of the above
Last Answer : : b) A nation that trades with other nations in goods and services and financial assets
Description : The function of a government to provide goods that cannot normally be provided by market mechanisms between individual customers and producers, is known as: a) Distribution function b) Allocation function c) Stabilization d) Protection
Last Answer : b) Allocation function
Description : Jake's Market recorded the following events involving a recent purchase of merchandise: Received goods for $20,000, terms 2/10, n/30. Returned $400 of the shipment for credit. Paid $100 freight on the shipment. ... . b. increased by $19,700. c. increased by $19,306. d. increased by $19,308.
Last Answer : d. increased by $19,308.
Description : Zach's Market recorded the following events involving a recent purchase of merchandise: Received goods for $50,000, terms 2/10, n/30. Returned $1,000 of the shipment for credit. Paid $250 freight on the shipment ... 020. b. increased by $49,250. c. increased by $48,265. d. increased by $48,270.
Last Answer : d. increased by $48,270.
Description : Product is a k t is a key element in _____. At one extreme, it m e, it may consist of pure tangible goods or at the other extreme pure services. a. market offering b. brand equity brand equity c. brand extension d. co-branding
Last Answer : a. market offering
Description : A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in ... is violated. (a) Money measurement (b) Conservatism (c) Consistency (d) None of these
Last Answer : (b) Conservatism
Description : Marketing people market following entities: A. Goods B. Services C. Experiences D. All of the above
Last Answer : D. All of the above