Tag: markets and marketing

Quizzes (2) Questions (46)

Questions Related to markets and marketing

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

Which one of the following is not a remedy available in case of default?

  1. Sue for breach of contract and for damages.

  2. Repossess the goods after the buyer has resold them.

  3. Stop delivery of the goods.

  4. Demand specific performance.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Repossess the goods after the buyer has resold them.is not a remedy available in case of default.  When the buyer defaults on payments, possessions on something cannont be retaken..

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

An agent, which sells the goods, which are in its possession for his principal, is ______________.

  1. broker

  2. factors

  3. auctioneers

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

An agent, which sells the goods, which are in its possession for his principal, is broker. Broker is responsible for arranging transactions between the buyer and seller of any goods. A broker is entitled to a certain amount of commission when the deal is executed.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

Goods displayed on a shop window with a price tag is an _______________.

  1. offer

  2. invitation to offer

  3. counter of the above

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


Goods displayed of a shop window with a price label will amount invitation to offer since the shopkeeper making an invitation invites others to make an offer to him. It is prelude to an offer inviting negotiations or preliminary discussions.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

_________ offers the opportunity to produce goods as per the requirements of a customer.

  1. Job Method

  2. Batch method

  3. Flow method

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

Job method offers the opportunity to produce goods as per the requirements of a customer. Customer is the king pin of the market. Thus, job methods helps to know the requirements and interest of the customers and then production of the required goods and services are to be started accordingly.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

What do we mean by ITES?

  1. Indian Technology Enabled Services

  2. International Telecommunication Extra Services

  3. Information Technology Enabled Services

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

ITES Information Technology Enabled Services. It covers the entire gamut of operations which is related to Information Technology. It helps to improve the efficiency of an organization. It is also known as enabled services or remote services.

Multiple choice organization of commerce and management markets and marketing meaning, nature and importance of services introduction to services nature and types of services

Paid form of non-personal promotion of ideas, goods and services by an identified sponsor is called:

  1. Advertising.

  2. Sales promotion

  3. Personal Selling

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

Paid form of non-personal promotion of ideas, goods and services by an identified sponsor is called advertising. Advertising is a marketing tactic. It helps to reach the wide-base of customers who are willing to buy products or services of the company which are advertised.