Download App

Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market5 Marks
Question
Describe the benefits from marketing mix.
✓

Answer

The benefits of marketing mix:
  1. Product Oriented:
  1. It is according to the needs of customers.
  2. It reflects saleable quality.
  3. It gives scope for improving the quality.
  4. Attractive designing and packaging is possible.
  5. After sales services become strength.
  1. Price Oriented Benefits:
  1. Determination of price according to the paying capacity of customers.
  2. Fair pricing of the product can be done.
  3. Credit facility can be provided/ availed.
  4. Discount and allowance can be provided.
  1. Promotion Oriented:
  1. Advertising can be done for raising sales.
  2. Sales promotion is possible.
  3. Helps personal selling.
  1. Distribution Oriented:
  1. Availability at the right place is possible.
  2. Availability through convenient outlets.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "5 Marks Question" from Understanding the Market→Understanding the Market — all question types→Entrepreneurship STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

"Procurement of physical resources is not easy". Giving reasons, state what is required to be planned for this procurement.
→
Mention some names and their contributions as social entrepreneurs of India.
→
What do you mean by entrepreneurs? Mention the types of entrepreneurs.
→
Explain mentoring. What are the characteristics?
→
Give the main elements of a proposed business plan.
OR
Explain in detail the elements of business plan.
→
Describe the factors or forces that are the components of Macro environment.
→
Mehak wants to start a textile unit near Gurgaon. Discuss the commercial functions which she will require to plan and perform for the same.
→
What is the need of entrepreneurship in an economy?
→
Explain the various misconceptions and realities related to a business idea.
→
Distinguish between:
Fixed Cost and Variable Cost.
→