Tag: commercial applications

Quizzes (170) Questions (1551)

Questions Related to commercial applications

Multiple choice commercial applications sales and selling process distinction between marketing and sales meaning, elements and factors influencing marketing mix evolution of marketing

Marketing mix includes _______.

  1. product or services

  2. financing

  3. retailers

  4. consumers
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The marketing mix is traditionally defined by the 4Ps: product, price, place, and promotion. Product or services represent the core offering within this framework.

Multiple choice commercial applications sales and selling process distinction between marketing and sales meaning, elements and factors influencing marketing mix evolution of marketing

The marketing mix when applied to international markets must _______.

  1. be standardised throughout the global market

  2. ignore the cultural & environmental variations between the different markets

  3. take into account the cultural and environmental differences between markets

  4. a & b
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

International marketing requires businesses to adapt their marketing mix to local conditions because different countries and regions exhibit distinct cultural, economic, legal, and environmental variations.

Multiple choice commercial applications sales and selling process distinction between marketing and sales meaning, elements and factors influencing marketing mix evolution of marketing

_____________ defines Marketing Mix is the combina-lion of four inputs which constitute the core of a company's marketing system, i.e., the product, the price structure, the promotional activities and the distribution system.

  1. CuIliton

  2. Kotler

  3. William J. Stanton

  4. Howard and Upton
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

William J. Stanton defined marketing mix as the combination of four inputs (product, price structure, promotion, distribution) forming the core of a company's marketing system.

Multiple choice commercial applications sales and selling process distinction between marketing and sales meaning, elements and factors influencing marketing mix evolution of marketing

Who has defined Marketing Mix as "set of marketing tools that the firm uses to pursue its marketing objectives in the target market"?

  1. CuIliton

  2. Kotler

  3. William J. Stanton

  4. Howard and Upton
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Philip Kotler is the author who defined the marketing mix as the set of marketing tools that a firm uses to pursue its marketing objectives in the target market.

Multiple choice commercial applications sales and selling process distinction between marketing and sales meaning, elements and factors influencing marketing mix evolution of marketing

Tobacco companies have been criticized for marketing cigarettes which are said to cause lung cancer. In this example, which element of the marketing mix is considered to be at blame? 

  1. Product

  2. Price

  3. Promotion

  4. Place
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

As tobacco companies have been criticized for manufacturing cigarettes which cause lung cancer, therefore product is that element of market risk which is to be blamed.

Multiple choice commercial applications meaning and fundamentals of double entry book-keeping double entry system meaning, definition, and advantages of double entry book-keeping meaning, definition, need, objectives and limitations of double entry system introduction to single entry system and difference between single entry and double entry system meaning and featuresof incomplete records

In Double Entry System, if one account is debited the other account must be credited with equal amount.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The fundamental principle of the double entry system is that every transaction has a dual effect, meaning for every debit, there must be an equal and corresponding credit.

Multiple choice commercial applications meaning and fundamentals of double entry book-keeping double entry system meaning, definition, and advantages of double entry book-keeping meaning, definition, need, objectives and limitations of double entry system introduction to single entry system and difference between single entry and double entry system meaning and featuresof incomplete records

Book-keeping is helpful for ___________.

  1. Owners

  2. Lenders

  3. Investors

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Book-keeping provides essential financial data that is useful to various stakeholders, including owners (for performance), lenders (for creditworthiness), and investors (for decision-making).

Multiple choice commercial applications meaning and fundamentals of double entry book-keeping double entry system meaning, definition, and advantages of double entry book-keeping meaning, definition, need, objectives and limitations of double entry system introduction to single entry system and difference between single entry and double entry system meaning and featuresof incomplete records

The job of recording transaction has been called as "Book-keeping"

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Book-keeping is defined as the process of recording, classifying, and summarizing financial transactions in a systematic manner.

Multiple choice commercial applications meaning and fundamentals of double entry book-keeping double entry system meaning, definition, and advantages of double entry book-keeping meaning, definition, need, objectives and limitations of double entry system introduction to single entry system and difference between single entry and double entry system meaning and featuresof incomplete records

Book-keeping helps the management in _____________.

  1. Planning

  2. Decision making

  3. Controlling

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Bookkeeping enables the small business owner to support expenditures made for the business in order to claim all available tax credits and deductions. It also provides detailed, accurate, and timely records that can prove invaluable to management decision-making, or in the event of an audit.

Multiple choice commercial applications meaning and fundamentals of double entry book-keeping double entry system meaning, definition, and advantages of double entry book-keeping meaning, definition, need, objectives and limitations of double entry system introduction to single entry system and difference between single entry and double entry system meaning and featuresof incomplete records

How many books are prepared under conventional accounting system?

  1. 2

  2. 4

  3. 3

  4. 5
Reveal answer Fill a bubble to check yourself
A Correct answer