Tag: elements of business

Questions Related to elements of business

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

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. constantly enlarging its marketing activities

  2. creating superior value for customers.

  3. focusing on long-term profit.

  4. charging lower prices than competition

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Correct Option: B

The disadvantage 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. 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

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Correct Option: D

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.

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

Network marketing is a mode of _____________ by the manufacturer.

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. Indirect marketing

  2. Direct marketing

  3. Both (A) and (B)

  4. Neither (A) nor (B)

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Correct Option: B

Which of the following pairs of MNC and the countries where they headqartered is/one correctly matched ? 
1. Mere-Germany
2. Walmart-USA
3. Tesco-UK
4. Carore four-France 

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

  1. 123 only

  2. 1,2,3

  3. 4,1,2

  4. 1,2,3, & 4

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Correct Option: B
Explanation:

there is no company carore four .

MNC ________Select the most suitable.

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

  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

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Correct Option: B
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

What is true for Branch office?

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

  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

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Correct Option: A
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.

A MNC is defined by an organisation ____________.

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

  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

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Correct Option: A
Explanation:

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

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

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

  1. McDonald's

  2. Nirma

  3. World trade organization

  4. United Nations Organization

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Correct Option: A
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.

The Multinational corporation ____________.

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

  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

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Correct Option: D
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.