Correct Answer: Marketing Concept

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

The Marketing Concept is a customer-centric approach that centers on understanding and meeting customer needs and wants effectively. It emphasizes building long-term relationships with customers by delivering superior value and customer satisfaction. The primary focus is on understanding customer preferences, creating products or services that address those preferences, and ensuring that customers perceive value in what is offered. The ultimate goal is to satisfy customers while achieving the company's objectives through value creation and strong customer relationships.

Correct Answer: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

Solution : The initiative known as the "White Revolution" was started by Operation Flood. By removing the intermediaries, it established a national milk grid that connected farmers all across India to consumers in more than 700 towns and cities, decreasing seasonal and regional price differences while ensuring that farmers receive a significant portion of the profits.
India ranks first in the world in milk production due to the "White Revolution".
Hence option a is the correct answer.
 

Correct Answer: Production manager

Solution : Middle level consists of heads of different functional department like  department manager ,production manager, etc.Production manager is included in the middle level.

Hence, Option D is correct.

Correct Answer: Financial planning

Solution : The correct answer is (c) Financial planning

Financial planning entails determining the company's financial goals and objectives and devising strategies to achieve them. Selecting the right sources of funds is a crucial aspect of financial planning, as it involves evaluating and choosing the most suitable options for obtaining the necessary funds to support the business's operations, growth, and expansion. This decision is essential for ensuring the financial health and sustainability of the company.

Correct Answer: Transportation

Solution : Transportation implies physical movement of goods from one place to the other. Transportation fills this gap by carrying goods from place of production to place of consumption. Transportation includes decisions like choice of mode of transportation and other related aspects.

Hence, option D is correct.

Correct Answer: Fifth

Solution : The correct answer is Fifth.

Among other goals, the Fifth Five-Year Plan in India prioritised agricultural production, employment generation and Garibi Hatao. Ending poverty, increasing employment rates and achieving self-reliance were the main objectives of the Fifth Five-Year Plan.

Correct Answer: Production Concept

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

The Production Concept is a marketing philosophy that emphasizes producing high-quality products at the lowest possible cost and making them widely available. It is often suitable in situations where demand exceeds supply, and the primary focus is on production efficiency and achieving economies of scale to drive down production costs. The assumption is that consumers will favor products that are readily available and affordable. However, this concept may overlook the importance of understanding and meeting customer needs and preferences, which is a key aspect of the Marketing Concept.

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

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

Statement 1 is true. Financial planning indeed plays a pivotal role in effective resource allocation within a business. It involves allocating financial resources optimally to various activities and functions to achieve the company's objectives efficiently.

Statement 2 is false. Financial planning is not limited to focusing on production activities. It encompasses a broader scope, including planning for all financial aspects of the business, such as investment, financing, budgeting, risk management, and overall financial strategy. Production activities are just one component of the overall financial planning process.

Correct Answer: Natural environment

Solution : The correct answer is (C) Natural environment

The business environment factor affecting ABC Corp. in this case is the natural environment. The company is facing pressure to adopt eco-friendly practices due to increasing concerns about environmental sustainability, which is directly related to factors within the natural environment, including ecological and environmental sustainability concerns.