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

Keeping the view of marketing, an organization that enjoys competitive advantage in an industry has done so by__________.

  1. constantly enlarging its marketing activities

  2. creating superior value for customers.

  3. focusing on long-term profit.

  4. charging lower prices than competition
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Competitive advantage is achieved by providing superior value to customers, which can be through quality, service, or innovation, rather than just lowering prices or expanding 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

The disadvantage of network marketing is/are:

  1. Sales forecasting is difficult

  2. Distributors often become the largest customers and hence take over the control of the company.

  3. Difficult for the manufacturer to exercise effective control over his sales team.

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

Disadvantages of network marketing include difficulty in sales forecasting, the risk of distributors becoming competitors, and the challenge of maintaining control over a decentralized sales team.

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:
(I) Distribution network grow 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

This is a duplicate of question 408592 testing network marketing advantages. The correct advantages are continuous distribution network growth (option I) and higher product margins (option III). Options II and IV describe disadvantages, not advantages.

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

Network marketing is a mode of _____________ by the manufacturer.

  1. Indirect marketing

  2. Direct marketing

  3. Both (A) and (B)

  4. Neither (A) nor (B)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Network marketing is a form of direct marketing because the manufacturer sells products directly to consumers through a network of independent distributors, bypassing traditional retail stores.

Multiple choice elements of business multi national corporations advantages and disadvantages of mncs meaning and definition multinational companies - meaning and features

MNC ________Select the most suitable.

  1. are Indian companies that trade their securities onthe other countries exchange.

  2. are firms that conduct their operations in more than one country through subsidiaries, division, or branches in foreign countries

  3. are doing business at a large scale for public

  4. are Indian companies that sell goods and services in other countries
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Multinational Corporation (MNC) is a corporation enterprise that manages production or delivers services in more than one country. Generally the MNC has its headquarters in one country and have offices or factories in different countries

Multiple choice elements of business multi national corporations advantages and disadvantages of mncs meaning and definition multinational companies - meaning and features

What is true for Branch office?

  1. It is not allowed to carry on manufacturing activity on its own.

  2. It is allowed to carry on manufacturing on its own.

  3. It is allowed to carry on business without the permission of RBI

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

A branch office is an outlet of a company or, more generally, an organization that unlike a subsidiary does not constitute a separate legal entity, while being physically separated from the organization's main office. Branching is particularly widespread in banking and other financial institutions, where the products' complexity requires local offices to act more like an agency than as a separate company. A branch structure exposes the owning company to full taxability and legal liability in regard to the branch office's operations.

Multiple choice elements of business multi national corporations advantages and disadvantages of mncs meaning and definition multinational companies - meaning and features

A MNC is defined by an organisation ____________.

  1. carrying out production in more than one country.

  2. having sales in more than one country.

  3. having a multi-ethnic workforce

  4. having-suppliers in more than one country
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A MNC is defined by an organization that carries out production in more than one country other than the domestic country.

Multiple choice elements of business multi national corporations advantages and disadvantages of mncs meaning and definition multinational companies - meaning and features

Which of the following is an example of a multinational corporation?

  1. McDonald's

  2. Nirma

  3. World trade organization

  4. United Nations Organization
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

McDonald's is an American fast food company, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States.

Multiple choice elements of business multi national corporations advantages and disadvantages of mncs meaning and definition multinational companies - meaning and features

The Multinational corporation ____________.

  1. Always do the marketing of the primary goods.

  2. Always produced manufactured goods.

  3. Always do the marketing of the manufactured goods.

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

A multinational corporation (MNC) has facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they coordinate global management.