Flashcards on Introduction to Markets and Marketing
Introduction to Markets and Marketing: A Student's Guide
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Market and Marketing
20 cards
Card 1
Question: What is a market?
Answer: A place where buyers and sellers meet; it can be physical or online and connects customers and companies.
Card 2
Question: What are the main functions of a market?
Answer: Buying, selling and setting prices.
Card 3
Question: Who are market agents (tržní subjekty)?
Answer: Buyers, sellers, companies, households and the state.
Card 4
Question: Name the main types of markets.
Answer: Product markets, labour markets, financial markets, open market, foreign market, domestic market and service markets.
Card 5
Question: What is the difference between a domestic market and a foreign market?
Answer: The domestic market is inside one country; the foreign market is between different countries.
Card 6
Question: What is the market of products and services?
Answer: A market where goods and services are sold to customers.
Card 7
Question: What is the market of factors of production?
Answer: A market where labour, land and capital are traded.
Card 8
Question: Give examples of financial markets and what they deal with.
Answer: Examples: stock market, money market and bond market; they deal with money and investments.
Card 9
Question: What is a stock exchange?
Answer: A place where shares are bought and sold.
Card 10
Question: What does a bull market mean?
Answer: Prices go up.