Q. Today, companies have to manage relation with their ______________ in order to ensure timely supplies and meet customers’ requirements. Customers. Government. Suppliers. International market. Answer: Suppliers.
Q. The traditional view of marketing is that the firm makes something and then ______________ it. Markets. Sells. Prices. Services. Answer: Sells.
Q. Good marketing is no accident, but a result of careful planning and _____________. Execution Selling. Research. Strategies. Answer: Execution
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Q. Groups that have a direct or indirect influence on a persons attitudes or behavior is known as ______________ Reference groups Family. Roles. Status. Answer: Reference groups
Q. The ______________ function of marketing makes the products available in different geographic regions. Production. Selling. Distribution. Promotion. Answer: Distribution.
Q. Segmentation is the process of: Dividing the market into homogenous groups Selecting one group of consumers among several other groups Creating a unique space in the minds of the target consumer None of these Answer: Dividing the market into homogenous groups
Q. Cost of setting up a warehouse is considered as ______________ cost and cost of overtime paid to workers is considered as a ______________ cost. Fixed, fixed Variable, fixed Fixed, variable Variable, Variable Answer: Fixed, variable
Q. The Economic Order Quantity (EOQ) represents the order quantity for which: Inventory carrying cost per unit is lowest Order processing cost per unit is lowest Total inventory and order cost per unit is lowest None of these Answer: Total inventory and order cost per unit is lowest
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Q. Which of the following statement is true regarding break-even point? The profit at break-even point is 0 Total revenue is more than total cost at break-even point Total cost is more than total profit at break-even point None of these Answer: The profit at break-even point is 0
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Q. Typically profit is negative in which stage of the product life cycle? Growth Maturity Introduction Decline Answer: Introduction
Typically profit is negative in which stage of the product life cycle? Read More »
