Basic Economics Terms and Concepts

Which of the following is one of the types of price discrimination?

Why is a high material standard of living simply not enough in society today?

As we all know Govt. of India has launched many schemes for the welfare of the workers from unorganized sectors. As per recent estimates about what per cent of all workforce in India is engaged in informal or unorganized sector?

The situation where the inflation rate falls below zero $\left(0\%\right)$ percent is described by economists as _____.

______ is the ‘input cost’ the producer has to incur in the process of producing something.

Which of the following sectors offer the largest employment but has the reducing share in the economy?

Nominal GDP/Real GDP $\times 100$ is known as:

Net national product is equal to:

How is labelling important for any product? Choose the correct option.

In which of the following scenario(s) sales promotion techniques are useful? 

Which factor(s) help in deciding the level of inventory for a marketer? 

Who is the father of modern marketing? 

Choose the incorrect statement in reference to the modes of communication in marketing. 

Choose the option which best describes the meaning of branding of the product.

Choose the correct sequence of steps to determine the role of marketing.

Choose the option which best describes the meaning of standardisation of the product.

Which of the following is not true regarding why SWOT analysis is used for gathering information?

What is the full form of SWOT in marketing? 

Which of the following has become extremely important while developing a marketing strategy in recent times? 

Which of the following emphasizes that profitable marketing begins with discovery and understanding of consumer needs and then develops a marketing mix to satisfy these needs?