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Question : Statement 1: The marketing concept emphasizes understanding and fulfilling customer needs.

Statement 2: Production concept solely focuses on maximizing short-term profits.

Option 1: Both statements are correct.

Option 2: Statement 1 is correct, and statement 2 is false.

Option 3: Both statements are incorrect.

Option 4: Statement 2 is correct, and statement 1 is incorrect.

Team Careers360 22nd Jan, 2024

Correct Answer: Statement 1 is correct, and statement 2 is false.


Solution : The correct answer is (b) Statement 1 is correct, and statement 2 is false.

Statement 1 is correct. The marketing concept is all about understanding customer needs and wants and striving to fulfill them to achieve customer satisfaction.

Statement 2 is incorrect. The production concept emphasizes efficient and large-scale production to reduce costs and, in turn, provide products at lower prices to consumers. However, it doesn't focus solely on short-term profits; rather, it emphasizes efficiency in production processes.

89 Views

Question : It is necessary to identify the needs of the customers and take various decisions for the successful marketing of the production services. Which function of marketing is highlighted in the given statement?
 

Option 1: Marketing planning
 

Option 2: Customer support services
 

Option 3: Gathering and analysing marketing information
 

Option 4: Storage 

Team Careers360 17th Jan, 2024

Correct Answer: Gathering and analysing marketing information
 


Solution : One of the most important functions of a marketer is to collect and analyse market information. This is necessary to identify the needs of the customers and take various decision for the successful marketing of the product and services.

Hence, option C is correct.
 

14 Views

Question : Statement 1: The marketing concept emphasizes understanding and fulfilling customer needs.

Statement 2: Production concept solely focuses on maximizing short-term profits.

Option 1: Both statements are correct.

Option 2: Statement 1 is correct, and statement 2 is false.

Option 3: Both statements are incorrect.

Option 4: Statement 2 is correct, and statement 1 is incorrect.

Team Careers360 18th Jan, 2024

Correct Answer: Statement 1 is correct, and statement 2 is false.


Solution : The correct answer is (b) Statement 1 is correct, and statement 2 is false.

Statement 1 is correct. The marketing concept is all about understanding customer needs and wants and striving to fulfill them to achieve customer satisfaction.

Statement 2 is incorrect. The production concept emphasizes efficient and large-scale production to reduce costs and, in turn, provide products at lower prices to consumers. However, it doesn't focus solely on short-term profits; rather, it emphasizes efficiency in production processes.

17 Views

Question : Case Study:

A company focuses on aggressive sales and promotional efforts to sell its products. They believe that customers will not buy enough unless the company undertakes a substantial selling and promotion effort. This philosophy reflects:

 

Option 1: Marketing Concept

Option 2: Societal Marketing Concept

Option 3: Selling Concept

Option 4: Production Concept

Team Careers360 24th Jan, 2024

Correct Answer: Selling Concept


Solution : The correct answer is (c) Selling Concept.

The Selling Concept is a marketing philosophy that emphasizes aggressive sales techniques and promotional efforts to convince customers to buy a company's products or services. The belief underlying this concept is that customers typically won't buy enough on their own, so a company must use various selling and promotional tactics to stimulate demand and close sales. It's a more product-focused approach, and the primary goal is to sell what the company produces rather than understanding and meeting customer needs, which is a central focus of the Marketing Concept.

 

11 Views

Question : Case Study: ABC Pharmaceuticals adopts scientific management techniques to streamline its production process. Which technique involves analyzing and simplifying work processes to improve efficiency?

 

Option 1: Fatigue study

Option 2: Time study

Option 3: Method analysis

Option 4: Motion study

Team Careers360 24th Jan, 2024

Correct Answer: Method analysis


Solution : The correct answer is (c) Method analysis

Method analysis, a technique in scientific management, involves analyzing and simplifying work processes to improve efficiency. It focuses on studying the various steps involved in a task or process to identify unnecessary or time-consuming actions. The aim is to optimize the sequence of steps, eliminate wasteful activities, and streamline the workflow to enhance productivity and efficiency. ABC Pharmaceuticals adopting method analysis aligns with their goal of improving efficiency by analyzing and optimizing their production processes.

10 Views

Question : Case Study:

ABC Appliances offers a range of home appliances with unique features and benefits. They believe in continuous product innovation and improvement. Which marketing concept is reflected in this case?

 

Option 1: Production Concept

Option 2: Selling Concept

Option 3: Product Concept

Option 4: Marketing Concept

Team Careers360 20th Jan, 2024

Correct Answer: Product Concept


Solution : The correct answer is (c) Product Concept

ABC Appliances focuses on continuous product innovation and improvement, emphasizing the development and enhancement of their products to meet the unique needs and preferences of their customers. The product concept is centered around creating high-quality, innovative, and unique products that consumers will find appealing and valuable. It's about delivering superior products and features to attract and satisfy customers, which aligns with the approach taken by ABC Appliances as described.

8 Views

Question : A sentence has been given with a blank to be filled with an appropriate option. Choose the correct alternative.
Nigeria ______ restrictions in place since 2015 in a bid to boost local production.

Option 1: have had

Option 2: has had

Option 3: have has

Option 4: had has

Team Careers360 24th Jan, 2024

Correct Answer: has had


Solution : The second option is correct.

  • The sentence is in the present perfect tense, which uses the auxiliary verb has or have and the past participle V3 form of the main verb.
  • Structure: Subject + has/have + V3 + Object
  • Nigeria is a singular subject, so it needs the singular form of the verb "has".
  • The phrase "in place since 2015" indicates a duration of time that started in the past and continues to the present.
5 Views

Question : Case Study 9: Women Entrepreneurship

Mrs. Sharma, a highly motivated and skilled woman, started her own clothing boutique. She sources clothing and accessories from local artisans and promotes traditional craftsmanship, empowering women from rural areas to become financially independent.

Question:

How does Mrs. Sharma's boutique contribute to the empowerment of women?

Option 1: By hiring only male employees
   

Option 2: By promoting traditional craftsmanship
   

Option 3: By outsourcing production to other countries

 

Option 4: By focusing on high-profit margins

Team Careers360 25th Jan, 2024

Correct Answer: By promoting traditional craftsmanship
   


Solution : The correct answer is (b) By promoting traditional craftsmanship

Mrs. Sharma's business empowers women by promoting traditional craftsmanship and sourcing products from local artisans. This approach provides economic opportunities for women in rural areas, allowing them to showcase their skills and become financially independent. The focus on traditional craftsmanship aligns with the empowerment of women through economic participation and recognition of their talents.

215 Views

Question : Assertion: The Green Revolution played a significant role in increasing agricultural productivity in India.

Reason: The introduction of high-yielding varieties of seeds, modern agricultural techniques, and better irrigation facilities contributed to increased food production.

Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.

Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

Option 3: Assertion is true, but the reason is false.

Option 4: Assertion is false, but the reason is true.

Team Careers360 13th Jan, 2024

Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.


Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.

The Green Revolution did indeed play a significant role in increasing agricultural productivity in India. The introduction of high-yielding varieties of seeds, modern agricultural techniques, and better irrigation facilities were key components of the Green Revolution and contributed to increased food production.

During the 1960s and 1970s, India faced a severe food shortage and was heavily dependent on food imports. To address this challenge, the Indian government, with the help of agricultural scientists and researchers, implemented the Green Revolution. This initiative focused on developing and disseminating improved seeds, such as dwarf wheat and high-yielding rice varieties, that had higher yields and were more resistant to pests and diseases.

The reason provided in the assertion correctly explains how the introduction of high-yielding varieties of seeds, modern agricultural techniques, and better irrigation facilities contributed to increased agricultural productivity in India during the Green Revolution.

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