Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Marketing

Question:
Which of the following term describes "where deal is accomplished between buyers & sellers through a medium of phone, letter or through medium of internet".
Options:
Marketing
Seller
Market
Buyer
Correct Answer:
Market
Explanation:
In the traditional sense, the term ‘market’ refers to the place where buyers and sellers gather to enter into transactions involving the exchange of goods and services. But in modern marketing sense, it refers to a set of actual and potential buyers of a product or service.