✓ Board-verified
Business Studies · 2023 · 1 mark
CBSE 2023 · Region 4 · Set 2 · Q13
Statement I: For any exchange to take place it is important that
there must be at least two parties - a buyer and a seller.
Statement II: Exchange can take place even if the buyers and sellers
are not able to communicate with each other.
Choose the correct option from the following:
Official answer
From CBSE’s own marking scheme for this paper.
(C)
Statement I is correct and Statement II is incorrect.
Marking-scheme solution
(c)
Statement I is correct and Statement II is incorrect.
More from Marketing
- Explain the following functions of marketing: (i) Customer support services (ii) Branding (iii) Product…2025
- Which of the following statements is incorrect about Personal Selling?2023
- ‘A good physical distribution system should provide for an accurate and speedy processing of orders in the…2023
- ‘X Ltd.' is engaged in the manufacturing of cars. The company surveyed the market and found that customers…2023
- From the picture given below identify the promotional tool used by the organisation to achieve its…2025
- Match the various items of Column - I with the respective statement in Column-II. Column- I Column- II a.…2023
- In which of the following situations, a company will fix high price for its product?2023
- The pouch depicted below contains packets of different flavours of chips. Identify the level of packaging of…2026
CBSE Class 12 Business Studies past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.