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Q.

The 'new' concept of market refers to:


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a

Wholesale markets

b

Shopping complexes and malls

c

Weekly markets

d

Retail market 

answer is B.

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Detailed Solution

The 'new' concept of market refers to Shopping complexes and malls.
In metropolitan regions, the places with the most stores close to one another are known as shopping complexes. Large enclosed shopping centres often have several floors and levels, all of which are equipped with air conditioning. Both branded and generic products are available to us here. The advertising section said that the price of branded items is much higher than the price of non-branded goods. Companies sell their branded items via retail outlets located inside significant metropolitan marketplaces and occasionally through specially designed showrooms. Many individuals do not have the financial means to purchase these things because of their exorbitant prices brought on by factors such as packaging and advertising.
 
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The 'new' concept of market refers to: