Marketing Management
Question : Directions: Select the correct mirror image of the given figure when the mirror is held at the right side.
Option 1:
Option 2:
Option 3:
Option 4:
Correct Answer:
Solution : As per the mirror image properties, closer things appear close to the mirror in the reflection. Here, according to the information provided, the mirror is placed on the right side of the figure. So, the left side of the reflected image will appear as the right
Question : Case Study: ABC Corporation - Financing Growth Strategies
ABC Corporation, a leading manufacturing company, is looking to finance its growth strategies. The company is exploring various sources of business finance to achieve its expansion goals.
Questions : Business Finance and Expansion
Which financial decision involves choosing the appropriate sources of funds for business activities?
Option 1: Marketing strategy
Option 2: Inventory management
Option 3: Financial planning
Option 4: Human resource allocation
Correct Answer: Financial planning
Solution : The correct answer is (c) Financial planning
Financial planning is the process of determining the company's financial goals and objectives and developing strategies to achieve them. It includes decisions related to choosing the right sources of funds to support business activities, manage operational costs,
Question : Mail order selling,marketing and internet selling comes under which channel of distribution?
Option 1: Direct channel
Option 2: Indirect channel
Option 3: Both a and b
Option 4: None of the above
Correct Answer: Direct channel
Solution : Mail order selling,marketing and internet selling comes under direct channel of distribution.In the Direct channel manufacture sell hi product directly to consumers without using any intermediary.
Hence, option A is correct.
Question : Assertion: The societal marketing concept is solely focused on maximizing shareholder wealth.
Reason: The societal marketing concept integrates social responsibility into the company's business strategy.
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, but the reason is not 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. The societal marketing
Question : Channels of distribution and physical movement of goods comes under which concept of marketing?
Option 1: Place
Option 2: Price
Option 3: Physical distribution
Option 4: Promotion
Correct Answer: Physical distribution
Solution : Decisions regarding channels of distribution and decisions regarding physical movements of goods comes under physical distribution. Physical distribution includes activities that are needed to make the goods and services available at the right please so that people can purchase the same.
Hence, option C
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 : Which function of marketing is highlighted in the given statement? Statement: It involves services like after sale services,handling customer complaints, providing credit facilities,maintenance services and technical services.
Option 1: Gathering and analysing market information
Option 2: Product designing and development
Option 3: Customer support service
Option 4: Branding
Correct Answer: Customer support service
Solution : In the highly competitive world very important function of the marketing management leads to customer support services like after sales services, handling customer complaints, providing credit facilities, maintenance services and technical services.
Hence, option C is correct.
Question : Case Study 3: Importance of Entrepreneurship Development
XYZ Electronics is a well-established company that has been manufacturing traditional electronic gadgets for decades. With changing consumer preferences, the demand for their products has declined. The management realized the need to innovate and cater to the growing market for smart devices. They invested in research and development to create cutting-edge smart gadgets, resulting in increased sales and market share.
Question:
The importance of entrepreneurship development is evident from XYZ Electronics' decision to:
Option 1: Lay off workers
Option 2: Diversify its product portfolio
Option 3: Outsource manufacturing to other countries
Option 4: Reduce marketing efforts
Correct Answer: Diversify its product portfolio
Solution : The correct answer is (b) Diversify its product portfolio
Entrepreneurship development involves fostering innovation, creating new products or services, and adapting to changing market demands. XYZ Electronics demonstrated entrepreneurship development by investing in research and development to create cutting-edge smart gadgets, diversifying
Question : Which function of marketing is highlighted in the given statement? Statement:It include managing inventory storage and warehousing and transportation a good from one place to the other.
Option 1: Physical distribution
Option 3: Packaging and labelling
Solution : The function of marketing involves deciding the distribution of goods and services from place of production to place of consumption. The important decision areas under physical distribution include managing inventory storage and warehousing and transportation of goods from one place to other.
Hence, option
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