Tag: marketing mix

Questions Related to marketing mix

Marketing can play a significant role in economic development.

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  1. True

  2. False

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Correct Option: A
Explanation:

Marketing is an economy's arbiter between productive capacity and consumer demand. In addition, marketing process is a critical element in the effective utilization of the production resulting from economic growth, and balance between higher production and higher consumption.

__________ comes from a firm's ability to perform activities more distinctively and more effectively than rivals, thus is allowing a firm to gain an edge over the rivals.

commerce marketing mix marketing environment meaning and definition of marketer role of marketing

  1. Competitive advantage

  2. Competence

  3. Core competence

  4. Value addition

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Correct Option: A

Fundamental characteristic(s) of relevant costs:
I. They are future costs
II. They differ between alternatives
III. They are Marginal costs
IV. They are fixed costs.

organisation of commerce and management marketing mix meaning and objectives of pricing pricing strategies pricing

  1. I and II are correct

  2. III and IV are correct

  3. I and III are correct

  4. All are correct

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Correct Option: A

Internal factors of product pricing includes.

organisation of commerce and management marketing mix meaning and objectives of pricing pricing strategies pricing

  1. Demand and competition

  2. Cost and demand

  3. Market channels and demand

  4. Cost and objectives

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Correct Option: D

Price of stock that companies observe in financial markets is called _____________.

organisation of commerce and management marketing mix meaning and objectives of pricing pricing strategies pricing

  1. market price

  2. intrinsic price

  3. extrinsic price

  4. fundamental price

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Correct Option: A

______ can is notified to be subject to a reserve price

organisation of commerce and management marketing mix meaning and objectives of pricing pricing strategies pricing

  1. Sale by description

  2. Sale by auction

  3. Sale by sample

  4. Sale by estoppels

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Correct Option: B

Marginal (minimum) cost occurs at the output where __________.

organisation of commerce and management marketing mix meaning and objectives of pricing pricing strategies pricing

  1. the total product is at a maximum.

  2. the marginal prefect of the variable factors is at a maximum.

  3. the factors are combined In their best possible proportion.

  4. the average product of the variable factors is at a maximum.

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Correct Option: B

Under marketing, which of the following is considered as an ethical issue?

organisation of commerce and management marketing mix meaning and objectives of pricing pricing strategies pricing

  1. Price discrimination

  2. Fraudulent asset valuations

  3. Issues affecting the privacy of the employer

  4. All of the above

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Correct Option: A