Tag: elements of business

Questions Related to elements of business

The main jobs of sales planning is to ________________.

elements of business recent trends in marketing product life cycle e-marketing role of a marketer definition and functions of purchasing and storage department purchasing and stores

  1. collect as much information as possible from the field

  2. analyze the company's present market position

  3. provide long-term direction

  4. identify of the needs of the prospects

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Correct Option: A

Sales management refers to _______.

elements of business recent trends in marketing product life cycle e-marketing role of a marketer definition and functions of purchasing and storage department purchasing and stores

  1. overall management of sales

  2. only some of the functions of the management

  3. top level function of 'thinking'

  4. sales policies and sales procedures

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Correct Option: A

Online marketing is associated with _______.

elements of business recent trends in marketing product life cycle e-marketing role of a marketer definition and functions of purchasing and storage department purchasing and stores

  1. segmentation

  2. product life cycle

  3. distribution

  4. packing

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Correct Option: A

The time taken to convert raw materials into finished product is referred to as the 

elements of business recent trends in marketing product life cycle e-marketing role of a marketer definition and functions of purchasing and storage department purchasing and stores

  1. Life cycle

  2. Product cycle

  3. Operating cycle

  4. Product cycle or operating cycle

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Correct Option: D

What is the other name of network marketing?

elements of business recent trends in marketing product life cycle e-marketing role of a marketer definition and functions of purchasing and storage department purchasing and stores

  1. Multilevel marketing

  2. Zero level marketing

  3. Both (a) and (b)

  4. None of the above

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Correct Option: C
Explanation:

Network marketing, also known as Multi-Level Marketing (MLM), is a business model where independent contractors buy into a company and earn a commission on the products they sell.

_________________ activities start after the product has been developed.

elements of business recent trends in marketing product life cycle e-marketing role of a marketer definition and functions of purchasing and storage department purchasing and stores

  1. Selling

  2. Marketing

  3. Publicity

  4. None of these

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Correct Option: A
Explanation:

Selling activities start after the product has been developed.The selling activities undertaken by professional sales people include: Generating Sales Leads, Qualifying Leads, Preparing for the Sales Meeting.

The main factors in global marketing are ________.

elements of business recent trends in marketing product life cycle e-marketing role of a marketer definition and functions of purchasing and storage department purchasing and stores

  1. social and technical changes

  2. government policy and legislation

  3. marketing activities and plans

  4. all of the above

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Correct Option: C
Explanation:

The business environment in the world is very dynamic as it keeps on changing. The emergence of the global marketing is mainly due to the marketing activities and plans by the organizations to tap the people that are in a different country or part of the world.

Which of the following company fall under the network marketing umbrella?

elements of business recent trends in marketing product life cycle e-marketing role of a marketer definition and functions of purchasing and storage department purchasing and stores

  1. Ducati

  2. Coca Cola

  3. Amway

  4. All of above

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Correct Option: C
Explanation:

Amway company uses network marketing to sell its products .

Network marketing is a direct selling method in which independent agents are encouraged to build and manage their own sales force.

Advantage of network marketing is/are:

elements of business recent trends in marketing product life cycle e-marketing role of a marketer definition and functions of purchasing and storage department purchasing and stores

  1. The distribution network grows continuously

  2. The network companies can maintain higher margins on their products

  3. Lower overhead costs as no infrastructure is required under network marketing

  4. All of above

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Correct Option: D

Advantage of network marketing is/Eire:
(I) Distribution network grows continuously
(II) Distributors often become the largest customers and hence take over the control of the company
(III)Network companies can maintain higher margins on their products
(IV)Difficult for the manufacturer to exercise effective control over his sales team.
Select the correct answer from the options given below.

elements of business recent trends in marketing product life cycle e-marketing role of a marketer definition and functions of purchasing and storage department purchasing and stores

  1. (I) & (II)

  2. (II) & (III)

  3. (IV) & (I)

  4. (I) & (III)

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Correct Option: D