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6. E-commerce involves
- using the of electronic systems to sell goods and services.
- selling goods to customers online.
- buying goods online
- All the options are correct.
7. Dynamic Market refers to
- a market that changes very rapidly.
- a market that may grow and shrink over the time.
- a market which remains stable.
- a market that changes every year.
8. Which of the following options can be an example of mass market product?
- contact lenses
- breakfast cereals
- diet coke
- protein shake
9. The most appropriate definition of the word MARKETING is
- Marketing is a management process involved in identifying, anticipating and satisfying consumer requirements profitably.
- Marketing refers to buying and selling of goods and services profitably.
- Marketing refers to designing products that meet customer needs.
- Marketing refers to identifying consumer needs and delivering the products in convenient locations.
10. The most appropriate definition of the word MARKET is
- Markets are places where buyers and sellers meet to exchange goods.
- Market is a place where products are sold for profit.
- Market is a set of arrangements that allows buyers and seller to communicate and trade in a particular range of goods and services.
- Markets are places where consumer goods are sold to buyers in a profit.