1. Mention and explain what is called the price floor and price ceiling. Explain also the example in the case of daily life through one product (mention the brand).
2. If we want to market a product abroad, it sometimes happens that the item goes into the category of gray market product. What do you know about gray market products? Cite an example.
3. Mention and explain the eight types of retail stores along with examples.
4. What is the difference between supply chain and logistics?