Tag: elements of business

Quizzes (65) Questions (802)

Questions Related to elements of business

Multiple choice 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

The main jobs of sales planning is to ________________.

  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
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Sales planning relies heavily on accurate data from the field to set realistic targets and strategies. Collecting information is a foundational step in the planning process.

Multiple choice 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

Sales management refers to _______.

  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
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Sales management is the broad discipline of managing a company's sales operations. It involves planning, directing, and controlling the entire sales force and its activities.

Multiple choice 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

Online marketing is associated with _______.

  1. segmentation

  2. product life cycle

  3. distribution

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

Online marketing allows businesses to target specific groups of people based on demographics, interests, and behaviors, which is the core of market segmentation.

Multiple choice 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

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

  1. Life cycle

  2. Product cycle

  3. Operating cycle

  4. Product cycle or operating cycle
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The operating cycle is the time it takes for a company to purchase goods, sell them, and collect cash. It is often synonymous with the product cycle in manufacturing contexts.

Multiple choice 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

What is the other name of network marketing?

  1. Multilevel marketing

  2. Zero level marketing

  3. Both (a) and (b)

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

Multiple choice 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

_________________ activities start after the product has been developed.

  1. Selling

  2. Marketing

  3. Publicity

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
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.

Multiple choice 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

The main factors in global marketing are ________.

  1. social and technical changes

  2. government policy and legislation

  3. marketing activities and plans

  4. all of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

Multiple choice 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

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

  1. Ducati

  2. Coca Cola

  3. Amway

  4. All of above
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

Multiple choice 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

Advantage of network marketing is/are:

  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
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Network marketing benefits from a self-expanding distribution network, higher margins due to reduced traditional advertising, and lower overhead costs as independent distributors handle their own infrastructure.

Multiple choice 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

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.

  1. (I) & (II)

  2. (II) & (III)

  3. (IV) & (I)

  4. (I) & (III)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The advantages of network marketing include the continuous growth of the distribution network (I) and the ability for companies to maintain higher margins (III) because they bypass traditional retail layers.