Tag: meaning and definition of marketer

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Multiple choice commercial applications concept of market and marketer meaning, types, stages and role of marketing meaning and definition of marketer role of marketing

The goals of international marketing are to_____________.

  1. create and retain customers in global markets.

  2. eliminate competition in international markets.

  3. expand business activities abroad.

  4. gain market share and increase profit
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

International marketing aims to identify, create, and retain customers in global markets by adapting products and strategies to meet the needs of diverse international consumers.

Multiple choice commercial applications concept of market and marketer meaning, types, stages and role of marketing meaning and definition of marketer role of marketing

For any organization, operating in the global market environment in the 21st century requires various types of management competences. Which of the following is not one of the competences required?

  1. Analytic competence in assessing opportunities and selecting markets for entry.

  2. Strategic competence to ensure successful market entry and ongoing making management.

  3. Leadership competence to enforce regular downsizing and de-layering to maintain a high level of efficiency.

  4. Operational competence to manage and coordinate the global marketing effort.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Leadership competence in global marketing focuses on vision, cross-cultural management, and strategic alignment, not merely on enforcing downsizing or de-layering, which are specific administrative tasks.

Multiple choice commercial applications concept of market and marketer meaning, types, stages and role of marketing meaning and definition of marketer role of marketing

Choose the correct answers from the following alternatives given
Which of the following result/results in an offer:

  1. A declaration of intention

  2. An invitation to offer

  3. An advertisement offering reward to anyone who finds the lost dog of the advertiser.

  4. An offer made in a joke
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

An offer must be a clear expression of willingness to contract on specific terms. An advertisement offering a reward is a classic example of a unilateral offer to the public.

Multiple choice commercial applications concept of market and marketer meaning, types, stages and role of marketing meaning and definition of marketer role of marketing

A market must have commodity, buyers and sellers. What else should a market have?

  1. area and bargaining

  2. bargaining and cut the rate competition

  3. communication and area

  4. communication and travel
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A market requires not only the physical or virtual space (area) for exchange but also the means of communication between buyers and sellers to facilitate the transaction.

Multiple choice commercial applications concept of market and marketer meaning, types, stages and role of marketing meaning and definition of marketer role of marketing

One important condition for successful price discrimination about market structure is:

  1. there must be perfect competition in different market

  2. there must be imperfect competition in different market

  3. there must be oligopoly in all markets

  4. there must be perfect competition in at least three market
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Price discrimination requires a firm to have some degree of market power, which exists in imperfectly competitive markets. Perfect competition prevents price discrimination because firms are price takers and products are homogeneous.

Multiple choice commercial applications concept of market and marketer meaning, types, stages and role of marketing meaning and definition of marketer role of marketing

_________ shows the specifics of how the entrepreneur will market or attempt to sell his product or service.

  1. A marketing plan

  2. A financing plan

  3. A sales plan

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

A marketing plan specifically details how a business intends to reach its target audience, promote its products, and execute sales strategies. Other plans, such as financing or production, focus on different operational aspects.

Multiple choice commercial applications concept of market and marketer meaning, types, stages and role of marketing meaning and definition of marketer role of marketing

Sometimes the term 'publicity' is used synonymously with

  1. Advertisement

  2. Press release

  3. Public notice

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

Publicity is often used interchangeably with advertising in general business contexts, as both are methods of promoting a product or service to the public. While they differ in cost and control, they share the goal of increasing visibility.

Multiple choice commercial applications concept of market and marketer meaning, types, stages and role of marketing meaning and definition of marketer role of marketing

charm and high energy relates to which of the following -

  1. Visionary

  2. Superstar

  3. Sustainer

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

In entrepreneurial personality frameworks, a 'superstar' is often characterized by high energy, charisma, and a strong presence that attracts attention and support. Other terms like 'visionary' or 'sustainer' focus on different core traits.

Multiple choice commercial applications concept of market and marketer meaning, types, stages and role of marketing meaning and definition of marketer role of marketing

Giving misleading advertisements is a

  1. Monopolistic trade practice

  2. Restrictive trade practice

  3. Unfair trade practice

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

Misleading advertisements are classified as unfair trade practices under consumer protection laws because they deceive consumers and distort fair competition. They are not typically categorized as restrictive or monopolistic trade practices.

Multiple choice commercial studies concept of market and marketer meaning and importance of marketing meaning and definition of market introduction to marketing marketing environment meaning and definition of marketer role of marketing

Which one of the following is the apex institution in finance sector of India?

  1. IDBI

  2. NABARD

  3. NHB

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

The Reserve Bank of India (RBI) is the central bank and the apex monetary authority, overseeing the entire financial sector in India.