Tag: functioning of commercial organisation

Questions Related to functioning of commercial organisation

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


Correct Option: C

Recruitment and selection of personnel is an important function of __________.

  1. Human Resource

  2. Brand policy

  3. Finance

  4. Marketing policy


Correct Option: D

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


Correct Option: D

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


Correct Option: D

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


Correct Option: A

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

  1. Agenda

  2. Minutes

  3. Resolution

  4. Notice


Correct Option: A

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


Correct Option: D

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


Correct Option: D