Question
Give the features of the market.
✓
Answer
Following are the main features of the market:
- Presence of buyers and sellers
- Presence of a commodity (Good or service, which is to be transacted).
- It refers to the whole area where buyers and sellers are in contact. It do not refer to any place.
- There is competition between buyers-buyers, sellers-sellers and buyers sellers.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Mohan, who manufactures a toy car using non-toxic components, wants to compute his break-even point. His fixed expenses in the form of rent, depreciation and salaries of administrative staff amount to ₹ 25, 000 per month. He sells the car for ₹ 200 and his variable cost per car is ₹ 150. Find his dry break-even point. Also identify the value communicated by Mohan.
“A mentorship relationship is based on trust.” Do you agree? Comment.
“A customized market survey is a tool not only to collect an idea about customers, their wants, buying behaviour, the new product and its acceptance, the competitors, but also helps in many aspects”. Which are the aspects?
Explain the concept of an entrepreneurship with the help of a diagram.
While opting for New Geographical Market for extending sales, an entrepreneur must take which features?
What is the difference between Term Loan and Demand Loan?
'Connectwell, a company providing DTH services is facing intense competition from 'Orange', a USA based MNC. The company instead of withdrawing from the market, decides to fight to retain and increase its market share. Which are the key areas on which it should focus?
Why is Equity Share capital called "Risk Capital'?
Do you think Intrapreneur is necessary for an organisation? Support your answer with strong reasons.
Give four examples of Inflow and Outflow of cash.