Marketing and Sales — Important Questions
ICSE · Class 9 · Commercial Studies
54 important questions from Marketing and Sales for ICSE Class 9 Commercial Studies, with answers. Part of the ICSE Class 9 Commercial Studies syllabus.
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Important Questions from Marketing and Sales
Which statement best describes a market?
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A total environment where buyers and sellers interact freely
A market refers to the total environment where buyers and sellers interact freely and prices tend to equalise easily and quickly.
How can buyers and sellers transact today?
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Over telephone, mail, or internet
Buyers and sellers no longer need to meet physically; transactions can occur over telephone, mail, or internet.
Which definition is given by William Stanton?
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A total system of interacting business activities designed to plan, price, promote and distribute wants satisfying products and services to present and potential customers
William Stanton defines marketing as a total system of interacting business activities involving planning, pricing, promoting, and distributing products and services.
What is selling mainly concerned with?
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Convincing a customer to buy goods or services
Selling is the process of finding customers, convincing them to buy goods or services, transferring ownership, and collecting payment.
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