Question : _________ aims to increase the process of goods and services through the use of new technology. It requires change in social outlook.
Option 1: Globalisation
Option 2: Privatisation
Option 3: Modernisation
Option 4: Liberalisation
Correct Answer: Modernisation
Solution : Modernisation aims to increase the process of goods and services through the use of new technology. It requires change in social outlook. Hence Option C is correct.
Question : Which concept is highlighted in the given statement? Statement: It aims to transfer of ownership of the goods through aggressive promotion.
Option 1: Selling
Option 2: Marketing
Option 3: Selling mix
Option 4: Marketing mix
Question : It involves deciding the technique of production to be used to produce goods and services?
Option 1: What to produce.
Option 2: How to produce
Option 3: For whome to produce
Option 4: None of the above.
Question : It aims to ensure that each activity is performed according to predetermined standards to produce effective and efficient use of resources. Which importance of controlling is highlighted here?
Option 1: Accomplishing organisational goals
Option 2: Judging accuracy of standards
Option 3: Making efficient use of resources
Option 4: Improving employee motivation.
Question : It includes production unit engaged in producing services.
Option 1: Primary sector
Option 2: Secondary sector
Option 3: Tertiary sectors
Question : Which feature of marketing is highlighted in the given statement? Statement: It aims to identify unsatisfied needs of the target customers and developed production services that satisfy such needs.
Option 1: Marketing
Option 2: Customer value
Option 3: Creating a market offering
Option 4: Exchange mechanism
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