Marketing Management
Question : Assertion: Marketing management aims to create and maintain profitable customer relationships.
Reason: Marketing management is exclusively focused on advertising and promotion.
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.
Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
The assertion is true. Marketing management does aim
Question : Case Study:
A company believes that consumers are more likely to buy products that are widely available and affordable. They aim to achieve high production efficiency and wide distribution. This philosophy aligns with the:
Option 1: Societal Marketing Concept
Option 2: Product Concept
Option 3: Marketing Concept
Option 4: Production Concept
Correct Answer: Production Concept
Solution : The correct answer is (d) 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 to consumers. The primary focus is on production efficiency, streamlining operations, and reducing production costs
Question : Assertion: Marketing management is the application of various marketing techniques and principles.
Reason: Marketing management is solely concerned with production processes.
Correct Answer: Assertion is true, but the reason is false.
Solution : The correct answer is (c) Assertion is true, but the reason is false.
The assertion is true. Marketing management involves the application of various marketing techniques and principles. It encompasses planning, organizing, implementing, and controlling marketing activities to
Question : It reduces the need for inspection testing and evaluation of the product. Which function of marketing is highlighted in the given statement?
Option 1: Marketing planning
Option 2: Customer support services
Option 3: Packaging and labelling
Option 4: Standardization and grading
Correct Answer: Standardization and grading
Solution : Standardization provides the assurance about quality,price and packaging of the product and reduces the need for inspection,testing and evaluation.
Hence, option D is correct.
Question : Case Study 14:
ABC Ltd. is a startup in the e-commerce industry looking to expand its product offerings.
Question :
To raise short-term funds for marketing its expanded product range, which money market instrument might ABC Ltd. use?
Option 1: Debenture
Option 2: Call money
Option 3: Corporate bond
Option 4: Equity share
Correct Answer: Call money
Solution : The correct answer is (b) Call money
To raise short-term funds for marketing its expanded product range, ABC Ltd. might consider using call money. Call money is a short-term finance option borrowed or lent in the interbank market for very short durations, usually overnight.
Question : Case Study: XYZ Ltd. - Raising Finance for Expansion
XYZ Ltd. is a growing company that manufactures electronic gadgets. The company has been successful in the market and is planning to expand its operations. To finance this expansion, XYZ Ltd. is considering various sources of business finance.
Questions : Meaning and Need for Business Finance
Which financial decision involves selecting the appropriate sources of funds for a business?
Option 1: Production planning
Option 2: Marketing strategy
Option 3: Financial planning
Option 4: Human resource management
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
Question : Which function of marketing is highlighted in the given statement? Statement: It involves taking decisions regarding features, design, shape, size appearance, etc., about the product.
Option 1: Gathering and analysing market information
Option 2: Product designing and development
Option 4: Branding
Correct Answer: Product designing and development
Solution : Product designing and development in waste taking decisions regarding features,design,shape,size,appearance,etc about the product. Design of product makes the product attractive to the target customers. A good design can improve our product and also give it a competitive advantage in the market.
Hence,
Question : Which function of marketing is highlighted in the given statement? Statement: It should be carefully selected as it place an important role in the success of a product.
Correct Answer: Branding
Solution : Branding refers to giving a special name to the product. Brand name distinguishes the product from computers product and helps in building customers loyalty and in promoting it's sales. The brand name should be carefully selected as it place an important role in the success
Question : Assertion: The marketing concept emphasizes understanding and meeting customer needs.
Reason: The marketing concept solely focuses on maximizing profits.
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