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Question : What is the best possible explanation for a shift in the market supply curve for a product?

Option 1: Price increases in raw materials

Option 2: Introduction of a government tax on that product.

Option 3: Introduction of a new technique that makes the production of that commodity less expensive.

Option 4: A successful advertising campaign that promotes the product.

Team Careers360 25th Jan, 2024

Correct Answer: Introduction of a new technique that makes the production of that commodity less expensive.


Solution : A new technique that makes it cheaper to produce the goods best explains a shift to the right in the market supply curve. A shift to the right in the supply curve,

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Question : Which of the following is an example of price adjustment as a marketing mix strategy?

Option 1: Developing a new advertising campaign

Option 2: Introducing a loyalty program

Option 3: Changing the product design

Option 4: Implementing seasonal discounts

Team Careers360 25th Jan, 2024

Correct Answer: Implementing seasonal discounts


Solution : The correct answer is (d) Implementing seasonal discounts.

Implementing seasonal discounts is an example of price adjustment as a marketing mix strategy. Price adjustment involves changing the pricing strategy for a product or service to align with market conditions, customer preferences, or specific

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Question : Case Study:

ABC Corporation promotes its energy-efficient home appliances through advertisements that emphasize the long-term cost savings for consumers. What objection to advertising is minimized through this approach?

 

Option 1: Lack of Credibility

Option 2: Overexposure

Option 3: Irrelevance

Option 4: Exaggeration and Deception

Team Careers360 24th Jan, 2024

Correct Answer: Irrelevance


Solution : The correct answer is (c) Irrelevance.

By highlighting the long-term cost savings, ABC Corporation makes the advertisement more relevant to consumers who are likely interested in saving money over an extended period. It directly addresses a significant concern for consumers, making the advertisement more pertinent

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Question : Which of the following is an example of a market research method?

 

Option 1: Product pricing

Option 2: Sales forecasting

Option 3: Customer surveys

Option 4: Advertising campaign development

Team Careers360 23rd Jan, 2024

Correct Answer: Customer surveys


Solution : The correct answer is (c) Customer surveys.

Customer surveys are an example of a market research method. Market research involves collecting and analyzing data to gain insights into markets, customers, competitors, and other relevant factors that impact business decision-making. It helps companies understand customer

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Question : Sentences of a paragraph are given below. While the first and the last sentences (S1 and S6) are in the correct order, the sentences in between are jumbled up and named P,Q,R,S. Arrange the sentences in the correct order to form a meaningful and coherent paragraph.

(S1) The poster ranks high as a medium of publicity.
(P) Advertisement can be displayed before a much larger number of persons for a longer time by means of a poster than by the expenditure of the same amount of money in the Press, and it is, therefore, often found to be the better means of keeping them in the public eye.
(Q) Nor must it be forgotten that a newspaper is bought by the reader, and on that account enjoys an enhanced value; and further, that the purchaser usually takes the paper home where it is perused by the whole household.
(R) It has, by reason of its size and the facilities which it affords for the use of colour, a very powerful effect on the public mind.
(S) It must, however, be remembered that the attention received by a newspaper is much closer and more intimate than that accorded to a poster.
(S6) If more is desired than the instantaneous impact on the mind, the advertising value of the poster falls sharply.

Option 1: QSPR

Option 2: PQRS

Option 3: RPSQ

Option 4: RPQS

Team Careers360 23rd Jan, 2024

Correct Answer: RPSQ


Solution : The third option is the correct choice.

  • Sentence S1 acts as the introductory statement, followed by sentence R, which introduces the key features of a poster that contribute to its impact.
  • Sentence P discusses the advantages of posters in terms of reach and cost-effectiveness.
  • Sentence
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