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The customers of any organization drive its revenues, therefore, it is important to build up a large and targeted customer base depending on the products and/or services the organization offers. To make the customers aware of an organizations (here, banks) business and its products and services (here banking products and services), marketing is required which helps the customer in making correct buying decisions. In the context of Retail banking, marketing means- Identifying the most profitable markets now and in the future. It involves assessing the customers present and future needs which are continuously evolving and dynamic in nature. In marketing, the banks set business development goals and make plans to meet them by going through the four stages of the Marketing process. The elements of the marketing mix for retail banking are- Product, Price, Place, Promotion, Process, People, and Physical evidence.Q. What does ‘price’ refer to in the marketing mix for deposit products?a)The interest rate offered by the customer to the bankb)The interest rate offered by the banker to the customerc)The fee charged by the bank for offering deposit servicesd)The transaction cost for availing of deposit servicesCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about The customers of any organization drive its revenues, therefore, it is important to build up a large and targeted customer base depending on the products and/or services the organization offers. To make the customers aware of an organizations (here, banks) business and its products and services (here banking products and services), marketing is required which helps the customer in making correct buying decisions. In the context of Retail banking, marketing means- Identifying the most profitable markets now and in the future. It involves assessing the customers present and future needs which are continuously evolving and dynamic in nature. In marketing, the banks set business development goals and make plans to meet them by going through the four stages of the Marketing process. The elements of the marketing mix for retail banking are- Product, Price, Place, Promotion, Process, People, and Physical evidence.Q. What does ‘price’ refer to in the marketing mix for deposit products?a)The interest rate offered by the customer to the bankb)The interest rate offered by the banker to the customerc)The fee charged by the bank for offering deposit servicesd)The transaction cost for availing of deposit servicesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The customers of any organization drive its revenues, therefore, it is important to build up a large and targeted customer base depending on the products and/or services the organization offers. To make the customers aware of an organizations (here, banks) business and its products and services (here banking products and services), marketing is required which helps the customer in making correct buying decisions. In the context of Retail banking, marketing means- Identifying the most profitable markets now and in the future. It involves assessing the customers present and future needs which are continuously evolving and dynamic in nature. In marketing, the banks set business development goals and make plans to meet them by going through the four stages of the Marketing process. The elements of the marketing mix for retail banking are- Product, Price, Place, Promotion, Process, People, and Physical evidence.Q. What does ‘price’ refer to in the marketing mix for deposit products?a)The interest rate offered by the customer to the bankb)The interest rate offered by the banker to the customerc)The fee charged by the bank for offering deposit servicesd)The transaction cost for availing of deposit servicesCorrect answer is option 'B'. Can you explain this answer?.

Solutions for The customers of any organization drive its revenues, therefore, it is important to build up a large and targeted customer base depending on the products and/or services the organization offers. To make the customers aware of an organizations (here, banks) business and its products and services (here banking products and services), marketing is required which helps the customer in making correct buying decisions. In the context of Retail banking, marketing means- Identifying the most profitable markets now and in the future. It involves assessing the customers present and future needs which are continuously evolving and dynamic in nature. In marketing, the banks set business development goals and make plans to meet them by going through the four stages of the Marketing process. The elements of the marketing mix for retail banking are- Product, Price, Place, Promotion, Process, People, and Physical evidence.Q. What does ‘price’ refer to in the marketing mix for deposit products?a)The interest rate offered by the customer to the bankb)The interest rate offered by the banker to the customerc)The fee charged by the bank for offering deposit servicesd)The transaction cost for availing of deposit servicesCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

Here you can find the meaning of The customers of any organization drive its revenues, therefore, it is important to build up a large and targeted customer base depending on the products and/or services the organization offers. To make the customers aware of an organizations (here, banks) business and its products and services (here banking products and services), marketing is required which helps the customer in making correct buying decisions. In the context of Retail banking, marketing means- Identifying the most profitable markets now and in the future. It involves assessing the customers present and future needs which are continuously evolving and dynamic in nature. In marketing, the banks set business development goals and make plans to meet them by going through the four stages of the Marketing process. The elements of the marketing mix for retail banking are- Product, Price, Place, Promotion, Process, People, and Physical evidence.Q. What does ‘price’ refer to in the marketing mix for deposit products?a)The interest rate offered by the customer to the bankb)The interest rate offered by the banker to the customerc)The fee charged by the bank for offering deposit servicesd)The transaction cost for availing of deposit servicesCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The customers of any organization drive its revenues, therefore, it is important to build up a large and targeted customer base depending on the products and/or services the organization offers. To make the customers aware of an organizations (here, banks) business and its products and services (here banking products and services), marketing is required which helps the customer in making correct buying decisions. In the context of Retail banking, marketing means- Identifying the most profitable markets now and in the future. It involves assessing the customers present and future needs which are continuously evolving and dynamic in nature. In marketing, the banks set business development goals and make plans to meet them by going through the four stages of the Marketing process. The elements of the marketing mix for retail banking are- Product, Price, Place, Promotion, Process, People, and Physical evidence.Q. What does ‘price’ refer to in the marketing mix for deposit products?a)The interest rate offered by the customer to the bankb)The interest rate offered by the banker to the customerc)The fee charged by the bank for offering deposit servicesd)The transaction cost for availing of deposit servicesCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for The customers of any organization drive its revenues, therefore, it is important to build up a large and targeted customer base depending on the products and/or services the organization offers. To make the customers aware of an organizations (here, banks) business and its products and services (here banking products and services), marketing is required which helps the customer in making correct buying decisions. In the context of Retail banking, marketing means- Identifying the most profitable markets now and in the future. It involves assessing the customers present and future needs which are continuously evolving and dynamic in nature. In marketing, the banks set business development goals and make plans to meet them by going through the four stages of the Marketing process. The elements of the marketing mix for retail banking are- Product, Price, Place, Promotion, Process, People, and Physical evidence.Q. What does ‘price’ refer to in the marketing mix for deposit products?a)The interest rate offered by the customer to the bankb)The interest rate offered by the banker to the customerc)The fee charged by the bank for offering deposit servicesd)The transaction cost for availing of deposit servicesCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of The customers of any organization drive its revenues, therefore, it is important to build up a large and targeted customer base depending on the products and/or services the organization offers. To make the customers aware of an organizations (here, banks) business and its products and services (here banking products and services), marketing is required which helps the customer in making correct buying decisions. In the context of Retail banking, marketing means- Identifying the most profitable markets now and in the future. It involves assessing the customers present and future needs which are continuously evolving and dynamic in nature. In marketing, the banks set business development goals and make plans to meet them by going through the four stages of the Marketing process. The elements of the marketing mix for retail banking are- Product, Price, Place, Promotion, Process, People, and Physical evidence.Q. What does ‘price’ refer to in the marketing mix for deposit products?a)The interest rate offered by the customer to the bankb)The interest rate offered by the banker to the customerc)The fee charged by the bank for offering deposit servicesd)The transaction cost for availing of deposit servicesCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The customers of any organization drive its revenues, therefore, it is important to build up a large and targeted customer base depending on the products and/or services the organization offers. To make the customers aware of an organizations (here, banks) business and its products and services (here banking products and services), marketing is required which helps the customer in making correct buying decisions. In the context of Retail banking, marketing means- Identifying the most profitable markets now and in the future. It involves assessing the customers present and future needs which are continuously evolving and dynamic in nature. In marketing, the banks set business development goals and make plans to meet them by going through the four stages of the Marketing process. The elements of the marketing mix for retail banking are- Product, Price, Place, Promotion, Process, People, and Physical evidence.Q. What does ‘price’ refer to in the marketing mix for deposit products?a)The interest rate offered by the customer to the bankb)The interest rate offered by the banker to the customerc)The fee charged by the bank for offering deposit servicesd)The transaction cost for availing of deposit servicesCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Banking Exams tests.