Tag: commercial applications

Questions Related to commercial applications

Mark-up pricing is adopted by.

commercial applications marketing mix - 4 p's meaning of product product mix ideologies/concepts/views of marketing management

  1. Industrial suppliers

  2. Contractors

  3. Wholesalers and retailers

  4. All the above

Show answer
Correct Option: C

Match the following.

$1$. Contactual a) Find out buyers and sellers
$2$. Merchandising b) Producing goods that will satisfy market requirements
$3$. Pricing c) Process of attaching value to the product in monetary term
$4$. Propaganda d) Sales promotion activities
commercial applications marketing mix - 4 p's meaning of product product mix ideologies/concepts/views of marketing management

  1. $1$-a, $2$-c, $3$-d, $4$-b

  2. $1$-a, $2$-b, $3$-c, $4$-d

  3. $1$-b, $2$-a, $3$-c, $4$-d

  4. $1$-a, $2$-b, $3$-d, $4$-c

Show answer
Correct Option: B

A product line strategy wherein a company adds a higher priced product to a line in order to attract a broader market which helps the sale of its existing lower priced products is called ________.

commercial applications marketing mix - 4 p's meaning of product product mix ideologies/concepts/views of marketing management

  1. trading up

  2. trading down

  3. life cycle extension

  4. product line extension

Show answer
Correct Option: A
Explanation:

Trading up is a type of selling in which the customer is persuaded to buy a more expensive item, or a larger quantity of the same item than originally intended in exchange for an attractive discount or some other incentive. 

Availability and ______ of the product was considered to be the key to the success of a firm.

commercial applications marketing mix - 4 p's meaning of product product mix ideologies/concepts/views of marketing management

  1. Accountability

  2. Affordability

  3. Price

  4. Quality

Show answer
Correct Option: B
Explanation:

The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system. Due to this vast production, the  products were made affordable for the consumers by decreasing the production cost.

Packaging affects our buying decision.

commercial applications marketing mix - 4 p's meaning of product product mix ideologies/concepts/views of marketing management

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

Product packaging is the process of designing, evaluating and designing packages that protect the products from spoilage, helps in easy transportation and also provide information about the product to consumers. Product promotion is the new consideration as packaging with the help of attractive designs and colors help in drawing people's attention towards the product. This leads to increase sales.

Products can be classified in two categories.

commercial applications marketing mix - 4 p's meaning of product product mix ideologies/concepts/views of marketing management

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

A product is an item offered for sale. It can be an item or a service, virtual or cyber form. Every product is made at a cost and each is sold at a price. The product should be relevant, the users must have an immediate use for it. It can be classified into two categories i.e industrial products which are used to produce further products for consumer use and consumer products which is also known as final good that can be used by consumers. 

______ can be defined as anything that can be offered to a market to satisfy a want or a need.

commercial applications marketing mix - 4 p's meaning of product product mix ideologies/concepts/views of marketing management

  1. Product

  2. Market

  3. Package

  4. Price

Show answer
Correct Option: A
Explanation:

A product is an item offered for sale. It can be an item or a service, virtual or cyber form. Every product is made at a cost and each is sold at a price. The product should be relevant, the users must have an immediate use for it.

In a population, which is in Hardy- Weinberg equilibrium the recessive allelic frequency is $0.8$, in a population of $1300$. Find out the number of dominantindividuals in that ppulation, if the gene in reference has only two alleles   

commercial applications population - the increasing numbers and rising problem impact of depletion of natural resources population growth models depletion of resources

  1. $416$

  2. $468$

  3. $640$

  4. $52$

Show answer
Correct Option: B
Explanation:

Recessive freq $= q= 0.8$
$q^2 = (0.8)^2 =0.64$  
$p^2 + q^2 = 1$  
$1 - q^2 = p^2$ 
$ p^2 = 1 - 0.64= 0.36$ 
$0.36 \times 1300 = 468$

If the frequency of a dominant phenotype in a stable population is $75\%$, the frequency of recessive allele in that population would be?

commercial applications population - the increasing numbers and rising problem impact of depletion of natural resources population growth models depletion of resources

  1. $0.375$

  2. $0.25$

  3. $0.75$

  4. $0.50$

Show answer
Correct Option: D
Explanation:

If dominant phenotype percentage is given, we come to know about the percentage of homozygous recessive in population: which in this case is $25$%. Thus frequency of recessive allele is $0.50$.

So, the correct option is '0.50'.

The logistic population growth model, dN/dt = rN (K N/K), describes a populations growth when an upper growth is assumed. This upper limit to growth is known as the population's___  ,and as N gets larger,dN/dt________

commercial applications population - the increasing numbers and rising problem impact of depletion of natural resources population growth models depletion of resources

  1. Biotic potential, increases

  2. Biotic potential, decreases

  3. Carrying capacity, increases

  4. Carrying capacity, decreases

Show answer
Correct Option: D
Explanation:
  • The logistic population growth model is represented by :
dN/dt = rN (K-N/ K)
Where, N = Population density at time t
r = Intrinsic rate of natural increase
K = Carrying capacity
  • In nature, a given habitat has enough resources to support a maximum possible number, beyond which no further growth is possible. This limit is known as nature’s carrying capacity (K) for that species in that habitat.
  • As the value of N increases, the rate of growth dN/dt decreases. 
So, the correct option is 'Carrying capacity, decreases'.