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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.