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This a MCQ (Multiple Choice Question) based practice test of Chapter 11 - Marketing of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinations
Q The word ?Market? has come from the Latin word _____________
- a)Marketo
- b)Marketio
- c)Marcatus
- d)Matico
Correct answer is option 'C'. Can you explain this answer?
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This a MCQ (Multiple Choice Question) based practice test of Chapter 1...
The word 'market' has been derived from the Latin word "Mercatus" which means to trade, merchandise or a place where business is transacted.
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This a MCQ (Multiple Choice Question) based practice test of Chapter 1...
**Explanation:**
The word "Market" has originated from the Latin word "Marcatus". The Latin word "Marcatus" means a place where trade or business is conducted. Here is a detailed explanation of the answer:
**1. Meaning of the term "Market":**
- The term "Market" refers to a place where buyers and sellers come together to exchange goods and services for money or other commodities.
- It is a platform where the demand for products or services meets the supply offered by sellers.
**2. Origin of the word "Market":**
- The word "Market" has its origins in the Latin language.
- Latin was the language spoken by the ancient Romans, and it has had a significant influence on many modern languages, including English.
- In Latin, the word for "Market" is "Marcatus".
**3. Definition of "Marcatus":**
- "Marcatus" is a Latin noun that means "Market" or "a place of trade".
- It refers to a physical location or a designated space where business transactions take place.
**4. Evolution of the term "Market":**
- Over time, the term "Marcatus" evolved into "Market" in the English language.
- As languages evolve, words change pronunciation and spelling, and the meaning may also adapt to the cultural and social context of the speakers.
**5. Significance of the term "Market":**
- The term "Market" is widely used in the field of business and economics.
- It represents a complex system in which buyers and sellers interact, leading to the exchange of goods, services, or resources.
In conclusion, the word "Market" has its roots in the Latin word "Marcatus," which means a place of trade or business. The term has evolved over time and is now commonly used in the English language to refer to a platform where buyers and sellers come together for the exchange of goods and services.
The word "Market" has originated from the Latin word "Marcatus". The Latin word "Marcatus" means a place where trade or business is conducted. Here is a detailed explanation of the answer:
**1. Meaning of the term "Market":**
- The term "Market" refers to a place where buyers and sellers come together to exchange goods and services for money or other commodities.
- It is a platform where the demand for products or services meets the supply offered by sellers.
**2. Origin of the word "Market":**
- The word "Market" has its origins in the Latin language.
- Latin was the language spoken by the ancient Romans, and it has had a significant influence on many modern languages, including English.
- In Latin, the word for "Market" is "Marcatus".
**3. Definition of "Marcatus":**
- "Marcatus" is a Latin noun that means "Market" or "a place of trade".
- It refers to a physical location or a designated space where business transactions take place.
**4. Evolution of the term "Market":**
- Over time, the term "Marcatus" evolved into "Market" in the English language.
- As languages evolve, words change pronunciation and spelling, and the meaning may also adapt to the cultural and social context of the speakers.
**5. Significance of the term "Market":**
- The term "Market" is widely used in the field of business and economics.
- It represents a complex system in which buyers and sellers interact, leading to the exchange of goods, services, or resources.
In conclusion, the word "Market" has its roots in the Latin word "Marcatus," which means a place of trade or business. The term has evolved over time and is now commonly used in the English language to refer to a platform where buyers and sellers come together for the exchange of goods and services.
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This a MCQ (Multiple Choice Question) based practice test of Chapter 1...
the word market has been derived from Latin as (marcatus)
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This a MCQ (Multiple Choice Question) based practice test of Chapter 11 - Marketing of Business Studies of Class XII (12) for the quick revision/preparation of School Board examinationsQ The word ?Market? has come from the Latin word _____________a)Marketob)Marketioc)Marcatusd)MaticoCorrect answer is option 'C'. Can you explain this answer?
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