What role of RBI is known as ‘lender of last resort’?
Commercial banks at times face financial crises and at that time are unable to get funds from any other sources.... View Article
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What are the five Cs of the marketing mix?
The five Cs of the marketing mix are: Company Customers Collaborators Competitors Climate Also read: Marketing Philosophies What Is Promotion... View Article
What is the importance of marketing mix?
The marketing mix is important for the business in the following ways: It helps in understanding what kind of value... View Article
What is packaging in the marketing mix?
Packaging is the process of beautifying a product that is used by businesses to encourage potential buyers to initiate the... View Article
What are the types of marketing mix?
There are two types of the marketing mix in use and they are as follows: Product marketing mix Services marketing... View Article
Is the USA a market economy or mixed economy?
The USA or the United States of America is a mixed economy and presents the characteristics of both socialism and... View Article
Why is price important in the marketing mix?
Price is important in the marketing mix because it reflects the marketer’s perspective about the value of the product or... View Article
What is promotion in marketing mix?
Promotion in marketing mix refers to the process of creating awareness about the product by utilising various forms of promotion... View Article
What is price in marketing mix?
Price refers to the amount that customers need to pay for purchasing the product or service offered by the business.... View Article
What is product mix in marketing?
Product mix refers to the complete set of products or services that are offered by a firm. The product mix... View Article
What are the 4Ps of marketing mix?
The 4Ps of the marketing mix are: Product Place Price Promotion Also read: Marketing Philosophies MCQs on Marketing Mix What... View Article
Who coined the expression ‘marketing mix’?
The expression marketing mix was coined by E.J.McCarthy. Also read: Marketing Philosophies MCQs on Marketing Mix What Is the Difference... View Article
What is service marketing mix?
Service marketing mix consists of different elements of service marketing that is used by companies for communicating organisational and brand... View Article
What do you mean by marketing mix?
Marketing mix refers to the set of actions or tactics that are used by the business to promote its products... View Article
What are the elements of marketing mix?
The elements of the marketing mix are as follows: Product Price Place Promotion People Process Packaging Also read: Marketing Philosophies... View Article
How many types of debentures are there?
The types of debentures are as follows: Registered Debentures Bearer Debentures Convertible Debentures Non-convertible Debentures Secured Debentures Unsecured Debentures Redeemable... View Article
What happens when marginal utility is zero?
When the marginal utility is zero, the Total utility is at its maximum value. Also read: Difference Between Total Utility... View Article
What is the formula for marginal utility?
The formula for marginal utility is as follows: MUn =TUn −TUn−1 Where, MUn = Marginal Utility TUn = Total Utility... View Article
What is average utility?
Average utility refers to the utility that is obtained by the consumer per unit of commodity consumed. It is calculated... View Article
What is the difference between total and marginal utility?
The difference between total and marginal utility is that total utility refers to the total amount of satisfaction that a... View Article
