Question

Which of the following is incorrect about ancient markets and modern markets?

• A. Ancient markets had middlemen between producers and customers.
• B. In ancient markets, the customer could approach the seller in case of complaints.
• C. In modern markets, the customer could approach the seller in case of complaints.
• D. The concept of marketing existed in ancient markets.

Answer 1

Answer: (A), (B)

The correct options are
A Ancient markets had middlemen between producers and customers.
B In ancient markets, the customer could approach the seller in case of complaints.

Unlike modern markets, ancient markets did not have middlemen between producers and customers. In ancient times, customers would not have been able to approach the seller for complaints.