Question

A State True or False.
1. The market generates employment by encouraging production
activities and distribution channels.
2. In a retail market, goods are sold in large quantities at a time.
3. Most of the goods sold in a weekly market, are not branded
4. Technology has changed the traditional way of marketing.
5. The goods that we use as a consumer are called final goods.
B. Multiple Choice Questions (MCQs).
Choose the correct option from the following:
1. The place where the buyers and sellers meet and conduct buying and selling activities is
alled
(a) consumer
(b) market
(c) factory
(d) none of these
2. A market acts as the link between the producer and the
(a) government
(b) farmer
(c) consumer
(d) teacher
3. In which of the following markets, goods are sold in small quantities at a time ?
(a) Wholesale market
(b) Retail market
(c) International market
(d) None of these
Study the picture carefully and write its features.​

Answer 1

Answer:

T, F

1.T

2.T

3.F

4.F

5.F

MCQs

1.d

2.c

3.a

Answer 2

1. The market generates employment by encouraging production activities and distribution channels. true

2. In a retail market, goods are sold in large quantities at a time. true

3. Most of the goods sold in a weekly market, are not branded. false

4. Technology has changed the traditional way of marketing. false

5. The goods that we use as a consumer are called final goods. false

Choose:

1.The place where the buyers and sellers meet and conduct buying and selling activities is

called (b) market

2. A market acts as the link between the producer and the (c) consumer

3.In (b) Retail market goods are sold in small quantities at a time.

Explanation:

• Most of the goods sold in a weekly market, are branded.
• techology has not changed the traditional way of marketing.
• The goods that we buy for the households alone are called final goods.For example milk,television, etc.,

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