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

Which of the following is not a general function of Marketing?

  1. Market and Consumer Research

  2. Permanent Adaptation

  3. Full Satisfaction of Demand

  4. Minimising of Economic Efficiency
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Marketing functions aim to increase efficiency and satisfy customers. Minimizing economic efficiency is contrary to the goals of marketing, which seeks to maximize efficiency and value.

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

In SCM, ________ production methods is similar except that the problem of rest/idle production/batch queuing is eliminated in _________.

  1. flow, batch

  2. batch, flow

  3. batch, job

  4. job, batch
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In flow production, products move continuously, which eliminates the idle time and batch queuing problems associated with batch production.

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

Research which is proactively carried out for a specific purpose is called __________.

  1. primary research

  2. secondary research

  3. active scanning

  4. creative destruction's
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Primary research is data collected firsthand for a specific purpose, whereas secondary research involves using existing data.

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

Systematic activity combining both basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge is ________.

  1. R & D

  2. financial decision

  3. strategy

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

Research and Development (R&D) is the systematic activity that combines basic and applied research to innovate and solve problems.

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

What to call the systematic activity combining both basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge?

  1. Supply Chain Management

  2. Transformation Process

  3. Research and Development

  4. Business Function
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Research and Development (R&D) is defined as the systematic activity combining basic and applied research to discover solutions or create new knowledge.

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

An appropriate strategy to develop market for company is ?

  1. Business unit strategy

  2. Corporate strategy

  3. Efficient replacement strategy

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

Business unit strategy focuses on how to compete in a specific market or industry, making it the most appropriate level for developing a market for a company's products.

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

R&D activity is a/an ___________.

  1. Legal factor

  2. Technological factor

  3. Political factor

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

R&D is fundamentally a technological factor, as it involves the development of new products, processes, and scientific advancements.

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 are the influential drivers affecting the growth of outsourcing market?

  1. Rapid growth

  2. Core competencies

  3. Industry changes

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

Outsourcing is driven by multiple factors, including the need for rapid growth, the desire to focus on core competencies, and shifts in industry structures.

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

Choose the correct answers from the following alternatives given
An offer automatically lapes by the death or insanity of the:

  1. offerer even if the offer is accepted in ignorance of the death or insanity of the offerer

  2. offeree if the offeree dies or becomes insane before accepting the offer

  3. offeree if the offeree dies or becomes insane after accepting the offer

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

Under contract law, an offer lapses if the offeree dies or becomes insane before they have accepted the offer.

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

If a company expands the market for its product by advertising the new uses of the product aggressively, then it follows _____________.

  1. Market Penetration

  2. Product Development

  3. Diversification

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

Market development involves taking existing products into new markets or finding new uses for existing products to expand the customer base.