Tag: commercial applications

Quizzes (170) Questions (1551)

Questions Related to commercial applications

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

The main traditional function of production management was to control labour costs which at that time constituted the major proportion of costs associated with production.

  1. True

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

Historically, before the automation and complexity of modern manufacturing, labor costs were indeed the most significant variable cost in production, making labor control a primary focus.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Statement containing details of items to be considered in a meeting is called ______________.

  1. Agenda

  2. Minutes

  3. Resolution

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

An agenda is a list of items to be discussed during a meeting. Minutes are the record of what happened, and a resolution is a formal decision made.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Which of the following is active factor of production?

  1. Land

  2. Labour

  3. Capital

  4. Organisation
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In economics, land and capital are considered passive factors of production, while labor and organization (entrepreneurship) are considered active factors because they initiate and coordinate the production process.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Marketing function includes.

  1. Transportation, storage, and communication

  2. Agents, brokers and dealers

  3. Distributors, jobbers, rack jobber

  4. Transportation, storage and the institutions facilitating the easy movement of goods
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Marketing functions include the physical distribution (transportation, storage) and the institutional framework (facilitating agents, communication) that allows goods to move from producers to consumers.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Benefits of marketing planning.
I. Makes the company basically consumer oriented
II. More attention to market enlargement 
III. Injects innovation into organisation a systematic basis
IV. Recognition of new consumer needs through communication.
Of these.

  1. I and II are correct

  2. I, II and III are correct

  3. I, III and IV are correct

  4. All are correct
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Marketing planning provides benefits by orienting the company toward the consumer, encouraging market expansion, fostering innovation, and helping identify new needs. All listed points are recognized benefits of systematic marketing planning.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Match the following.

$1$. Agents a) Do not take any title to goods
$2$. Merchant middleman b) Take a title to goods
$3$. Resident buyer c) A merchant or occasionally an agent, whose business is selling directly to the ultimate consumer
$4$. Retailer d) An agent or a person who specialises in buying on a fee or commission basis, chiefly for retailers
  1. $1$-a, $2$-b, $3$-c, $4$-d
  2. $1$-b, $2$-c, $3$-a, $4$-d
  3. $1$-a, $2$-b, $3$-d, $4$-c
  4. $1$-a, $2$-c, $3$-d, $4$-b
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Agents (1-a) do not take title to goods; merchant middlemen (2-b) do take title; resident buyers (3-d) specialize in buying on commission; and retailers (4-c) sell directly to consumers. This matches option C.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Under __________ buyers may be divided on the basis of the quantity purchased.

  1. Volume segmentation

  2. Life style segmentation

  3. Product segmentation

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

Volume segmentation divides a market based on the quantity of a product purchased by customers, such as heavy users versus light users.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Rack jobbers are most common in the.

  1. Stock markets

  2. Food business

  3. Automobile business

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

Rack jobbers are wholesalers who maintain displays of merchandise in retail stores, commonly found in the food and grocery business where they manage specific product racks.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Who is known as 'Functional Middlemen'?

  1. Merchant middlemen

  2. Agent middlemen

  3. Distributors

  4. Jobbers
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Agent middlemen are known as functional middlemen because they do not take title to the goods they sell; they perform services related to the sale or purchase of goods for a commission.