Tag: ideologies/concepts/views of marketing management

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Questions Related to ideologies/concepts/views of marketing management

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

During the early days of the ___________, the demand for industrial goods started picking up.

  1. Industrial revolution

  2. Modern revolution

  3. Technological revolution

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

The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

The focus of business activities during industrial revolution was the ________.

  1. Expanding business.

  2. Profit maximization

  3. Production of goods

  4. Selling of goods
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system. Due to the use of machine, large number of goods could be produced in a very short period of time. This increased the profitability of the products and company earned good revenue.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Full satisfaction of demand is a part of _________.

  1. general functions selling

  2. general functions marketing

  3. general functions selling of financial planning

  4. none of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Full satisfaction of demand is considered a core objective and general function of marketing, as marketing aims to align product offerings with consumer needs.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Which of the following is not an administrative function?

  1. Administration of the department's human resource functions.

  2. Methods to create more effective plans.

  3. Conducting Board Meetings as required under Companies Act.

  4. None
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Conducting Board Meetings as required under the Companies Act is a statutory or legal compliance requirement, not an administrative function in the context of departmental management.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Which of the following is not a general function of Marketing?

  1. Market and Consumer Research

  2. Permanent Adaptation

  3. Full Satisfaction of Demand

  4. Minimising of Economic Efficiency
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Marketing functions aim to increase efficiency and satisfy customers. Minimizing economic efficiency is contrary to the goals of marketing, which seeks to maximize efficiency and value.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

In SCM, ________ production methods is similar except that the problem of rest/idle production/batch queuing is eliminated in _________.

  1. flow, batch

  2. batch, flow

  3. batch, job

  4. job, batch
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In flow production, products move continuously, which eliminates the idle time and batch queuing problems associated with batch production.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Research which is proactively carried out for a specific purpose is called __________.

  1. primary research

  2. secondary&nbsp;<span>research</span>

  3. active scanning

  4. creative destruction's
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Primary research is data collected firsthand for a specific purpose, whereas secondary research involves using existing data.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

Systematic activity combining both basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge is ________.

  1. R &amp; D

  2. financial decision

  3. strategy

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

Research and Development (R&D) is the systematic activity that combines basic and applied research to innovate and solve problems.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

What to call the systematic activity combining both basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge?

  1. Supply Chain Management

  2. Transformation Process

  3. Research and Development

  4. Business Function
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Research and Development (R&D) is defined as the systematic activity combining basic and applied research to discover solutions or create new knowledge.

Multiple choice commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

An appropriate strategy to develop market for company is ?

  1. Business unit strategy

  2. Corporate strategy

  3. Efficient replacement strategy

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

Business unit strategy focuses on how to compete in a specific market or industry, making it the most appropriate level for developing a market for a company's products.