Tag: definition and functions of production department

Questions Related to definition and functions of production department

The main purpose of market segmentation is?

organisation of commerce and management laws of returns - returns to a factor and returns to scale definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. To measure the changing behavioral pattern of consumers

  2. To select the proper channel of distribution

  3. To have individuality of its own

  4. To identify the level of demand

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Correct Option: A

Benefits of segmentation.
I. This saves resources
II. Consumers are satisfied
III. Concentrated marketing strategy
IV. Easy to introduce new products
Which of the above points are correct?

organisation of commerce and management laws of returns - returns to a factor and returns to scale definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. I and II are correct

  2. I, II and IV are correct

  3. I, II and III are correct

  4. All are correct

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Correct Option: D

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

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

  1. Starting a new business

  2. Launching a new product

  3. Both (A) & (B)

  4. None of above

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Correct Option: C

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

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

  1. Human Resource

  2. Brand policy

  3. Finance

  4. Marketing policy

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Correct Option: D

Production management is important because _______.

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

  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

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Correct Option: D

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

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

  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

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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.

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

  1. True

  2. False

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Correct Option: A

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

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

  1. Agenda

  2. Minutes

  3. Resolution

  4. Notice

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Correct Option: A

Which of the following is active factor of production?

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

  1. Land

  2. Labour

  3. Capital

  4. Organisation

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Correct Option: D

Marketing function includes.

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

  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

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Correct Option: D