Tag: functioning of commercial organisation

Quizzes (4) Questions (52)

Questions Related to functioning of commercial organisation

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

A general term used to mean wholesalers is ____________.

  1. dealers

  2. distributors

  3. jobbers

  4. agents
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Distributors are a broad category of intermediaries who purchase goods from manufacturers and sell them to retailers or other businesses, effectively acting as wholesalers.

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 which of the following case conducting a market assessment is essential to know whether there exists any demand to the idea?

  1. Starting a new business

  2. Launching a new product

  3. Both (A) & (B)

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

Conducting a market assessment is crucial for both starting a new business and launching a new product to ensure there is a viable demand for the offering.

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

Production management is important because _______.

  1. it helps the business firm to achieve all its objectives

  2. it helps the firm to satisfy its customers

  3. it helps to introduce new products in the market

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

Production management is essential because it integrates processes that help achieve firm objectives, satisfy customer requirements through quality and availability, and support innovation.

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 modern world, production management has to perform a variety of functions. Identify them.

  1. Design and development of production process.

  2. Production planning and control.

  3. Implementation of the plan and related activities to produce the desired output.

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

Modern production management encompasses the entire lifecycle of production, including design, planning, control, and implementation to ensure desired output is achieved efficiently.

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 main traditional function of production management was to control labour costs which at that time constituted the major proportion of costs associated with production.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Historically, before the automation and complexity of modern manufacturing, labor costs were indeed the most significant variable cost in production, making labor control a primary focus.

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

Statement containing details of items to be considered in a meeting is called ______________.

  1. Agenda

  2. Minutes

  3. Resolution

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

An agenda is a list of items to be discussed during a meeting. Minutes are the record of what happened, and a resolution is a formal decision made.

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 active factor of production?

  1. Land

  2. Labour

  3. Capital

  4. Organisation
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In economics, land and capital are considered passive factors of production, while labor and organization (entrepreneurship) are considered active factors because they initiate and coordinate the production process.

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

Marketing function includes.

  1. Transportation, storage, and communication

  2. Agents, brokers and dealers

  3. Distributors, jobbers, rack jobber

  4. Transportation, storage and the institutions facilitating the easy movement of goods
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Marketing functions include the physical distribution (transportation, storage) and the institutional framework (facilitating agents, communication) that allows goods to move from producers to consumers.

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

Benefits of marketing planning.
I. Makes the company basically consumer oriented
II. More attention to market enlargement 
III. Injects innovation into organisation a systematic basis
IV. Recognition of new consumer needs through communication.
Of these.

  1. I and II are correct

  2. I, II and III are correct

  3. I, III and IV are correct

  4. All are correct
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Marketing planning provides benefits by orienting the company toward the consumer, encouraging market expansion, fostering innovation, and helping identify new needs. All listed points are recognized benefits of systematic marketing planning.