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

After defining the problem, the next step in relation to a market assessment is to _________.

  1. obtaining data specific to the problem

  2. analyzing the situation

  3. data analysis and Interpretation

  4. fostering ideas and problem solving
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

After defining the problem, the next logical step in market assessment is to analyze the current situation to understand the context before collecting new data or interpreting results.

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

Due to the demand of _______ goods, the demand exceeded the supply during the early days of industrial revolution.

  1. homemade

  2. conventional

  3. daily

  4. industrial
Reveal answer Fill a bubble to check yourself
D Correct answer
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, industrial goods and factory system.

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

Producing on a large scale reduces the _________ of the product.

  1. Average cost

  2. Average price

  3. Average profit

  4. Average time
Reveal answer Fill a bubble to check yourself
A Correct answer
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 the use of machine, large number of goods could be produced in a very short period of time. Vast number of goods were produced in a smaller period of time due to which the average cost of production reduced. This increased the profitability of the products and company earned good revenue.

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

Greater emphasis was placed on _______ the product.

  1. Increasing

  2. Decreasing

  3. Sustaining

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

With the help of industrial revolution, the production became much easier and cheaper. To attract the consumer's to buy the company's product in competition to the rivals, the company had to improve the quality and features of the product.

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

______ could be maximized by producing at large scale. 

  1. Sales

  2. Value

  3. Profits

  4. Equity
Reveal answer Fill a bubble to check yourself
C Correct answer
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 the use of machine, large number of goods could be produced in a very short period of time. This increased the profitability of the products and company earned good revenue.

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

Industrial revolution brought in the changes in ______ system.

  1. Distribution

  2. Selling

  3. Packaging

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

The industrial revolution was the transition to new manufacturing process. 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. More and more companies started undertaking new production method after looking at the benefits offered by industrial revolution.

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

During the early days of the ___________, the demand for industrial goods started picking up.

  1. Industrial revolution

  2. Modern revolution

  3. Technological revolution

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

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 focus of business activities during industrial revolution was the ________.

  1. Expanding business.

  2. Profit maximization

  3. Production of goods

  4. Selling of goods
Reveal answer Fill a bubble to check yourself
C Correct answer
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 the use of machine, large number of goods could be produced in a very short period of time. This increased the profitability of the products and company earned good revenue.

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

Full satisfaction of demand is a part of _________.

  1. general functions selling

  2. general functions marketing

  3. general functions selling of financial planning

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Full satisfaction of demand is considered a core objective and general function of marketing, as marketing aims to align product offerings with consumer needs.

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 not an administrative function?

  1. Administration of the department's human resource functions.

  2. Methods to create more effective plans.

  3. Conducting Board Meetings as required under Companies Act.

  4. None
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Conducting Board Meetings as required under the Companies Act is a statutory or legal compliance requirement, not an administrative function in the context of departmental management.