Tag: definition and functions of production department

Questions Related to definition and functions of production department

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.

commercial applications functioning of commercial organisation 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 III are correct

  3. I, III and IV are correct

  4. All are correct

Show answer
Correct Option: D

Match the following.

$1$. Agents a) Do not take any title to goods
$2$. Merchant middleman b) Take a title to goods
$3$. Resident buyer c) A merchant or occasionally an agent, whose business is selling directly to the ultimate consumer
$4$. Retailer d) An agent or a person who specialises in buying on a fee or commission basis, chiefly for retailers
commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. $1$-a, $2$-b, $3$-c, $4$-d

  2. $1$-b, $2$-c, $3$-a, $4$-d

  3. $1$-a, $2$-b, $3$-d, $4$-c

  4. $1$-a, $2$-c, $3$-d, $4$-b

Show answer
Correct Option: C

Criteria for successful market segmentation.
I. Substantiality
II. Measurability
III. Accessibility
IV. Representability.
Of these.

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

  1. I and II are correct

  2. II, III and IV are correct

  3. I, II and III are correct

  4. All are correct

Show answer
Correct Option: D

Under __________ buyers may be divided on the basis of the quantity purchased.

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

  1. Volume segmentation

  2. Life style segmentation

  3. Product segmentation

  4. Benefit segmentation

Show answer
Correct Option: A

Rack jobbers are most common in the.

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

  1. Stock markets

  2. Food business

  3. Automobile business

  4. All the above

Show answer
Correct Option: B

Who is known as 'Functional Middlemen'?

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

  1. Merchant middlemen

  2. Agent middlemen

  3. Distributors

  4. Jobbers

Show answer
Correct Option: B

If the sample size increases, the sampling error __________.

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

  1. decreases

  2. increases

  3. remains constant

  4. none of the above

Show answer
Correct Option: A
Explanation:

The relationship between margin of error and sample size is inverse i.e when sample size increases, the sampling error decreases. This is because the more information you have, the more accurate the results would be. 

What is probability of rejecting the null hypothesis when it is true called?

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

  1. Type II error

  2. Type I error

  3. Standard error

  4. None of these

Show answer
Correct Option: A

_________ offers the opportunity to produce goods as per customer and specific need.

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

  1. Job method

  2. Batch method

  3. Flow method

  4. All of the above

Show answer
Correct Option: D

Main factor for spending on R and D are ________.

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

  1. for survival in the market

  2. for change in environment

  3. for change in government policies

  4. change in company's image

Show answer
Correct Option: A