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The difference between the price paid by the consumer and net price received by producer for an equivalent quantity of farm produce is often known as:
Question

The difference between the price paid by the consumer and net price received by producer for an equivalent quantity of farm produce is often known as:

A.

Marketing cost

B.

Marketing efficiency

C.

Price spread

D.

Marketing channel

Correct option is C


Price spread is the difference between the price paid by the consumer and the net price received by the producer.
(a) Marketing cost refers to the expenses incurred during the marketing process.
(b) Marketing efficiency is the ratio of consumer satisfaction to marketing cost.
(d) Marketing channel refers to the path through which goods flow from producer to consumer.

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