Podcast
Questions and Answers
Products can be both tangible and intangible.
Products can be both tangible and intangible.
True
Market is a place but a medium of interaction between buyers and sellers of
products.
Market is a place but a medium of interaction between buyers and sellers of products.
False
On the market platform, buyers and sellers meet to exchange products and purchasing
power guided by the market price
On the market platform, buyers and sellers meet to exchange products and purchasing power guided by the market price
True
Market is important because it enables those with excess goods to sell them to those
who need them at a price that gives everyone the best deal.
Market is important because it enables those with excess goods to sell them to those who need them at a price that gives everyone the best deal.
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Market is not a place but a medium of interaction between buyers and sellers of
products.
Market is not a place but a medium of interaction between buyers and sellers of products.
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Producers Market is the most visible market to us consumers as we also partakes in its
activities.
Producers Market is the most visible market to us consumers as we also partakes in its activities.
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Resource Market enable raw material and intermediate product producers to sell
their products to final product producers who are now the market buyers
Resource Market enable raw material and intermediate product producers to sell their products to final product producers who are now the market buyers
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Consumer Market is the most visible market to us consumers as we also partakes in its
activities.
Consumer Market is the most visible market to us consumers as we also partakes in its activities.
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Resource Market enables resource owners to sell the basic services of labor, land
and capital to producers of goods and services
Resource Market enables resource owners to sell the basic services of labor, land and capital to producers of goods and services
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Producers Market enable raw material and intermediate product producers to sell
their products to final product producers who are now the market buyers
Producers Market enable raw material and intermediate product producers to sell their products to final product producers who are now the market buyers
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there are 4 kinds of market
there are 4 kinds of market
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The marketing is a situation of the diffused, impersonal competition among sellers, who
compete to sell their goods, and among buyers, who use their purchasing power to
acquire the available goods in the market.
The marketing is a situation of the diffused, impersonal competition among sellers, who compete to sell their goods, and among buyers, who use their purchasing power to acquire the available goods in the market.
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Competition is rivalry among various buyers and sellers in the market
Competition is rivalry among various buyers and sellers in the market
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there are 3 types of COMPETITION
there are 3 types of COMPETITION
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Monopolistic Competition is a type of PERFECT COMPETITION
Monopolistic Competition is a type of PERFECT COMPETITION
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Greater market power means greater ability to control prices and differentiate the products
one offers for sale, thus leading to opportunities for more profits.
Greater market power means greater ability to control prices and differentiate the products one offers for sale, thus leading to opportunities for more profits.
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Demand is the willingness of a consumer to buy a commodity at a given price.
Demand is the willingness of a consumer to buy a commodity at a given price.
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A demand schedule shows the various quantities the consumers are willing to buy at
various prices.
A demand schedule shows the various quantities the consumers are willing to buy at various prices.
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The low price of the good serves to motivate the consumer to buy more.
The low price of the good serves to motivate the consumer to buy more.
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Supply refers to the willingness of a consumer to buy a commodity at a given price
Supply refers to the willingness of a consumer to buy a commodity at a given price
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Supply refers to the quantity of goods that a seller is willing to offer for sale.
Supply refers to the quantity of goods that a seller is willing to offer for sale.
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