This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Write a short note on different types of economic system |
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Answer» There are four types of economic systems; traditional, command, market and mixed economies. A traditiona leconomic SYSTEM FOCUSES exclusively on goods and services that are directly related to its BELIEFS and traditions. A command economic system is characterized by a dominant centralized power. A market economic system relies on FREE markets and does not allow any kind of GOVERNMENT involvement in the economy. A mixed economic system refers to any kind of mixture of a market and a command economic system. |
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| 2. |
Why the development progrmmes of india are not effective? |
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Answer» Answer: lack of knowledge Explanation: our educational SYSTEM is complicated. it makes people to get RID of it. so without knowledge NOTHING can be EFFECTIVE. |
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| 3. |
What is the importance of rubber for the indian economy? |
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| 4. |
What is difference between value chain and supply chain? |
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Answer» The difference between a value chain and a SUPPLY chain is that asupply chain is the process of all PARTIES involved in FULFILLING a CUSTOMER request, while a value chain is a set of interrelated activities a company uses to create a competitive ADVANTAGE. |
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| 5. |
What is crucial support and resistance in stock market? |
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Answer» The support and RESISTANCE (S&R) are specific price points on a chart which are expected to attract maximum amount of EITHER buying or SELLING. The support price is a price at which one can expect more buyers than sellers. LIKEWISE the resistance price is a price at which one can expect more sellers than buyers. |
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| 6. |
What do you mean by structural composition in economics? |
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Answer» Structural COMPOSITION means the number of people ENGAGED in different sectors During pre independence india the structural composition was: Primary sector - ACCOUNTED for 70-75% of population Secondary sector - Accounted for only 10% of population Tertiary sector - Accounted for 15-20% of population |
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| 7. |
What are the ways used to transport good outside india? |
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Answer» goods can be TRANSPORTED mainly through ships because ships are PORTABLE of CARRYING bulky MATERIAL |
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| 8. |
What is equalization of marginal utilities and mirginal productivities with price |
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Answer» Marginal utility theory examines the INCREASE in satisfaction CONSUMERS gain from CONSUMING an extra unit of a good. Utility is an idea that people get a certain level of satisfaction/happiness/utility from consuming goods and service. Marginal utility is the benefit of consuming an extra unit. PLEASE mark it as brainlist question |
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| 9. |
In a free economy, inequalities of income is due to: |
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Answer» INHERITANCE and PRIVATE PROPERTY ...... |
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| 10. |
What is perfect competition ? , explain price determination under perfect competition. |
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Answer» Answer: In PERFECT competition, the price of a product is determined at a POINT at which the demand and supply CURVE intersect each other. This point is known as equilibrium point as well as the price is known as equilibrium price. In addition, at this point, the quantity demanded and supplied is CALLED equilibrium quantity. Please MARK me as brainlist answer |
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| 11. |
Mention any three ill effects of urbanization |
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Answer» MARK as BRAINLIEST......❤❤❤ |
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| 12. |
Difference between perfect competition and pure competition |
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Answer» Explanation: Pure COMPETITION is pretty PRACTICAL whereas PERFECT competition is utterly unrealistic. Pure competition has no element of monopoly enabling a producer to change more where Perfect competition has same element of monopoly. Pure competition is less restrictive whereas Perfect competition is more restrictive. |
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| 13. |
Explain why government has taken up public sector activities any three. |
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Answer» Answer: * point= these activities require HUGE AMOUNT of MONEY which is beyond the capacity of private sector. * point= private sector may charge high rate for their use. * point= it is DIFFICULT to collect money from thousands of people who use these facilities. |
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| 14. |
Important questions of development chapter of economic class 10 plz fast... |
Answer» By the WAY what is the QUESTION????????????????????????? |
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| 15. |
Campare adam smith and marshall definition |
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Answer» Answer: ✔ ✔ ✔ Alfred Marshall : He belongs to the group of neo - classical economists. He challenged Adam Smith's Definition of economics and DENIED the wealth RELATED definitions of Adam Smith . Thus according to according to Alfred Marshall "Economics is the study of people in the ordinary bussiness of life ". Comparison : According to Marshall , economics is a science of material welfare . He has focused on the role of mankind and wealth in ECONOMIC life . While Robbins 's definition considered economics to be a study of scarcity and CHOICE . While for Adam Smith it was concerned with nature and cause of producing wealth . ___________________________ HOPE THIS HELPS YOU! ! plz. . Mark me as brain list! ! |
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| 16. |
Describe two limitations of utility |
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Answer» limitation of utility ANALYSIS are the assumption that utility can be MEASURED cardinally is not true as utility is a subjective concept and varies from person to person and from time to time utility analysis ASSUME that marginal utility of money is constant I hope my answer will help you my dear friend |
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| 17. |
How to calculate "discount for lack of marketability"? |
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Answer» Marketability Mean? Discounts for lack of marketability (DLOM) REFER to the method used to help calculate the value of closely held and restricted shares. The theory behind DLOM is that a VALUATION discount exists between a stock that is publicly traded and thus has a market, and the market for privately held stock, which often has little if any marketplace. Various methods have been used to quantify the discount that can be applied including the restricted stock method, IPO method, and the option pricing method. Understanding Discounts For Lack Of Marketability (DLOM) The restricted stock method purports that the only difference between a company's common stock and its restricted stock is the lack of marketability of the restricted stock. Subsequently, the price difference between both units should arise due to this lack of marketability. The IPO method relates to the price difference between shares that are sold pre-IPO and post-IPO. The percent difference between the two prices is considered the DLOM using this method. The option pricing method uses the option's price and the strike price of the option as the determinants of the DLOM. The option price as a percentage of the strike price is considered the DLOM under this method. The consensus of many studies suggests that the DLOM ranges between 30% to 50%. Discounts For Lack Of Marketability Challenges Noncontrolling, nonmarketable ownership interests in closely held companies pose some unique challenges for valuation ANALYSTS. These issues often arise during gift tax, estate tax, generation-skipping transfer tax, income tax, property tax and other taxation disputes. To assist valuators in the field, the Internal Revenue Service (IRS) offers some guidance, particularly around two related issues that further cloud analysis: Discount for Lack of Liquidity (DLOL) and Discount for Lack of Control (DLOC). Without question, selling an interest in a privately held company is a more costly, uncertain and TIME-consuming process than liquidating a position in a publicly traded entity. An investment in which the owner can achieve liquidity in a timely fashion is worth more than an investment in which the owner cannot sell the investment quickly. As such, privately held companies should sell at a discount to actual intrinsic value because of additional costs, increased uncertainty and longer time horizons tied to selling unconventional securities. |
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| 18. |
Received from Ali 480Rs discount allowed 500Rs |
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Answer» Answer: I don't KNOW this question answer a Google SEARCH KAR lo SORRY for that |
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| 19. |
In which states was green revolution a great success and why |
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Answer» Answer: The Green Revolution allowed DEVELOPING COUNTRIES, like India, to overcome poor agricultural PRODUCTIVITY. Within India, this STARTED in the early 1960S and led to an increase in food grain production, especially in Punjab, Haryana and Uttar Pradesh during the early phase. Explanation: make me as brainaliest |
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| 20. |
Why do central problem arise in all economy ? Explain with examples. |
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Answer» Answer: Central problems arise in an economy due to scarcity of resources having ALTERNATIVE USES in RELATION to unlimited wants. For Whom to Produce: ... Thus, when the price of every commodity and every factor of production are determined, the third problem will be solved. Therefore, all HUMAN wants cannot be SATISFIED with limited means. Wants differ in intensity and limited resources have alternative uses. |
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| 21. |
Foreign company name of biscuit 5 point |
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| 22. |
Who can lift 10 times its weight ?a) Elephantb) Antc) Monkeyd) Donkey |
Answer» it is ANT |
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| 23. |
Babanrao deposits his money in a nationalized bank. identify and explain the concept |
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Answer» Answer:store of value Explanation: Money act as a store of value. Money not only satisfies wants in the PRESENT but also make PROVISION for satisfaction of WANT in future. This is possible due to savings. According to Lord J. M. Keynes, 'money is link between the present and future |
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| 24. |
Describe india's position in vegetable production 0 |
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| 25. |
Difference between common market and economic union |
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| 26. |
Define economics in your own word with an example. |
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| 27. |
What are the advantages of an educated and helthier population |
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Answer» Answer: 1.more KNOWLEDGEABLE 2.aware 3.high STANDARD. 6.reduction of ILLITERACY. 7.capital formation. |
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| 28. |
Live stock backbone of rural india |
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Answer» Answer Explanation: |
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| 29. |
What are main assumption for utility analysis |
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Answer» Answer: BASIC Assumptions of Marginal Utility Analysis. (i) Cardinal Measurement of Utility. Marginal utility analysis ASSUMES in the first place that utility can be measured and the exact measurement can be given by assigning definite NUMBERS such as 1, 2, 3, etc. That is, it is assumed that utility is a QUANTIFIABLE entity. |
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| 30. |
Define the term banking |
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Answer» The BUSINESS CONDUCTED or offered by a BANK to the customer ans. it as brainliest |
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| 31. |
What is commercialization |
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Answer» Answer: The process of managing or running something principally for financial gain... Hope it helps.... Follow me... |
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| 32. |
What is the role of education in human capital formation ?explain |
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Answer» Explanation:
EDUCATION is an important source of human capital formation. It HELPS to improve the technical skills of the individuals and thus RESULTS in sustained economic development. ... Human capital formation increases the income of the individuals by enhancing their technical skills and GENERATING more of job opportunities. Despite of the capital ,education is responsible for personality development and I think that is the most important( well this is my personal VIEW) hope it will help you ... |
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| 33. |
What is meant by simple bar diagram? What are their types |
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Answer» a GRAPH represented by BAR is called simple bar graph. types are horizontal , VERTICAL bar graph ,double bar graph Explanation: hope it help |
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| 34. |
Which farmer are able to use modern method of farming |
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Answer» Answer: LARGE scale land owning farmers in rural areas are mostly ABLE to USE modern METHODS of farming due to high income whereas the POOR landless peasants are not able to do so because of low income...
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| 35. |
classify following data by taking class interval such that their mid value are 17,22,27,32 and so on |
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Answer» Answer: Here you have asked to CLASSIFY the data….. What you provided here is simple data…….17 , 22, 27, 32 ,…… And no other information has been provided by you. If looking at the data, the differene is… 22 – 17 = 5. 27 – 22 = 5. 32 – 27 = 5. So it is obvious that your so on data would include….32 + 5 = 37 , 37 + 5 = 42, 42 + 5 = 47 and ….. Now we know that the mid values in the given data are…..17 , 22, 27, 32, 37, 42, 47 and so on.. So perfect distribution would be…..as below. Class-Interval Mid-Point 15 – 19 17 20 – 24 22 25 – 29 27 30 – 34 32 35 - 39 37 and so on…. Hope that solves your issue. |
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| 36. |
Why are the wages for farm labourersin Palampur less than minimum wages? |
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| 37. |
Characteristics of developing economics with special reference to india |
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Answer» Answer: Explanation: Indian ECONOMY is termed as the developing economy of the world. Some features like low per capita income, higher population below poverty line, poor infrastructure, agriculture BASED economy and LOWER rate of CAPITAL formation, TAGGED it as a developing economy in the world. |
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| 38. |
Differenciate change in demand and change in quantity demand with diagram. |
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Answer» Answer: ❤️❤️Understanding the difference between a change in demand and change in quantity demanded is a key concept in economics. A change in quantity demanded results from a change in PRICE and MOVES along the demand curve. ... Sometimes, factors other than price can CAUSE a change in demand, leading to a shift in the demand curve.❤️❤️Explanation: ❤️❤️hello dear here is your answer mark it brainlist ok and FOLLOW me... :) ☺️☺️❤️❤️ |
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| 39. |
Why the demand curv in downward sloping |
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Answer» 1 OLD buyers 2 new buyers 4 substitution effect |
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| 40. |
What is a cork cell ??? |
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Answer» Answer: It is one of the MANY LAYERS of bark, between the cork and primary phloem. It is also called PROTECTIVE tissue. The function of cork cambium is to produce cork, a tough protective materials. Synonyms for cork cambium are bark cambium, pericambium and phellogen. The outer LAYER of branches of plant in which CELL is present is called Cork cell |
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| 41. |
What is the difference between stock and flow? |
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Answer» Answer: A flow is a quantity which is measured with reference to a period of time. Thus, flows are defined with reference to a specific period (length of time), e.g., HOURS, days, weeks, months or years. It has time dimension. National income is a flow. It describes and measures flow of goods and services which become AVAILABLE to a country during a year. Similarly, all other economic variables which have time dimension, i.e., whose magnitude can be measured over a period of time are called flow variables. For instance, income of a person is a flow which is earned during a week or a month or any other period. Likewise, investment (i.e., addition to the stock of capital) is a flow as it pertains to a period of time. Other examples of flows are: expenditure, savings, depreciation, interest, exports, imports, change in inventories (not mere inventories), change in money supply, lending, BORROWING, rent, profit, ETC. because magnitude (SIZE) of all these are measured over a period of time. (b) Stock Variables: A stock is a quantity which is measurable at a particular point of time, e.g., 4 p.m., 1st January, Monday, 2010, etc. Capital is a stock variable. On a particular date (say, 1st April, 2011), a country owns and commands stock of machines, buildings, accessories, raw materials, etc. It is stock of capital. Like a balance-sheet, a stock has a reference to a particular date on which it shows stock position. Clearly, a stock has no time dimension (length of time) as against a flow which has time dimension. |
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| 42. |
Write down the methods used for increasing production on same piece of land |
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Answer» the avalibility of irrigation facilities will allow year around supply of WATER. the farmer than can plant multiple CROP through out the year it will increase their PRODUCTION and earn profits. the use of high yielding variety of seeds we live to HIGHER production. the use of FERTILIZER will improve the quality of production. the use of pesticides will avoid the distruction of crops by insects. |
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| 43. |
Discuss various factors that bring about fluctuation in the rate of ferigion excghange |
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Answer» Answer: Inflation RATES. Changes in MARKET inflation cause changes in currency exchange rates. ... Interest Rates. Changes in interest rate affect currency value and dollar exchange rate. ... COUNTRY's Current Account / Balance of Payments. ... Government Debt. ... Terms of TRADE. ... Political Stability & Performance. ... Recession. ... Speculation. Hope it will HELP yu |
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| 44. |
Discuss the various economic and social factors which contribution to the process of renaissance and reformation |
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Answer» Answer: The monetary TRANSMISSION mechanism is the process by which asset PRICES and general economic conditions are AFFECTED as a RESULT of monetary policy decisions. Such decisions are intended to influence the aggregate demand, interest rates, and amounts of money and CREDIT in order to affect overall economic performance. |
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| 45. |
Discuss the working of monetary transmission mechanism |
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Answer» Answer: The monetary transmission mechanism is the process by which asset PRICES and general ECONOMIC conditions are affected as a result of monetary POLICY decisions. Such decisions are intended to influence the aggregate demand, interest rates, and amounts of MONEY and credit in order to affect overall economic performance. |
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| 46. |
Discuss whether a country experiencing inflation will always have a balance of payments problem |
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Answer» Answer: The monetary transmission mechanism is the process by which asset prices and general economic conditions are affected as a result of monetary policy DECISIONS. Such decisions are intended to INFLUENCE the aggregate demand, interest rates, and amounts of money and CREDIT in ORDER to affect OVERALL economic performance. |
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| 47. |
Discuss the scope of section 5 of the assam non agricultural urban areas tenancy act 1955 |
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Answer» Answer: The monetary TRANSMISSION mechanism is the process by which asset PRICES and general economic conditions are affected as a RESULT of monetary policy decisions. Such decisions are intended to influence the aggregate demand, INTEREST RATES, and amounts of money and credit in order to affect overall economic performance. |
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| 48. |
Discuss the risk difference between domestic and foreign financial markets |
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Answer» Answer: Marketing is defined as the set of activities which are undertaken by the companies to provide satisfaction to the customers through value addition and making good relations with them, to INCREASE their brand value. It IDENTIFIES and converts needs into products and services, so as to satisfy their wants. There are two types of marketing NAMELY, DOMESTIC and INTERNATIONAL marketing. Domestic marketing is when commercialization of goods and services are limited to the home country only. |
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| 49. |
Discuss the equilibrium of a consumer using indifference curve and budget line. |
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Answer» Answer: Marketing is DEFINED as the set of activities which are undertaken by the companies to provide satisfaction to the customers through value addition and making good relations with them, to increase their brand value. It identifies and converts NEEDS into products and services, so as to SATISFY their wants. There are two types of marketing namely, domestic and INTERNATIONAL marketing. Domestic marketing is when commercialization of goods and services are limited to the home country only. |
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| 50. |
Discuss about the theories and models of industrial location. |
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Answer» Answer: MARKETING is defined as the set of ACTIVITIES which are undertaken by the companies to PROVIDE SATISFACTION to the customers through value addition and making good relations with them, to increase their brand value. It identifies and CONVERTS needs into products and services, so as to satisfy their wants. There are two types of marketing namely, domestic and international marketing. Domestic marketing is when commercialization of goods and services are limited to the home country only. |
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