Attempt any three questions. Question no. 1 is compulsory.
1. Answer any five questions
a. What is marketing ? [2] b. Explain few points on the nature of marketing. [2] c. Define the term “ Penetrating Pricing”. [2] d. Define the term “ Perfect Competition”. [2] e. Explain the concept of Market Segmentation ? [2] f. Explain the concept of “Mass Marketing”? [2] g. Explain the concept of “Target Marketing”? [2] h. Explain the concept of “Personalised Marketing” ? [2] Attempt any two long question 2. What do you mean by Product Development? What are the stages in the process of developing new products? [10]
3. Define market segmentation and discuss the significance of market segmentation in
India. 10]
4. Discuss the importance of pricing in marketing. What are the typical pricing [10] objectives?