Question : Demand in economics means:
Option 1: aggregate demand
Option 2: market demand
Option 3: individual demand
Option 4: demand backed by purchasing power
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Correct Answer: demand backed by purchasing power
Solution : The correct answer is demand backed by purchasing power.
In economics, "demand" refers to the amount of an item or service that customers are willing and able to buy at various prices at any particular moment. It represents customers' willingness to purchase a thing with their capacity to afford it. The connection between price and quantity required is usually inverse, which means that as prices rise, demand falls and vice versa, as depicted by the demand curve.
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Question : Directions: If J means +, K means –, T means ×, and U means ÷, then, 18 T 3 U 27 J 2 = ?
Option 1: 6
Option 2: 2
Option 3: 4
Option 4: 3
Question : Directions: Improve the bracketed part of each sentence.
(This market were) crowded with people.
(1) This markets were
(2) These market were
(3) This market was
(4) No Improvement
Option 1: (1)
Option 2: (2)
Option 3: (3)
Option 4: (4)
Question : The law of demand states that when _____.
Option 1: income and price rise demand rises
Option 2: income rises demand rises
Option 3: price rises demand rises
Option 4: price falls demand rises
Question : Directions: Which one of the given responses will be a meaningful order of the following? 1. Cutting 2. Dish 3. Vegetable 4. Market 5. Cooking
Option 1: 5, 3, 2, 1, 4
Option 2: 3, 2, 5, 1, 4
Option 3: 4, 3, 1, 5, 2
Option 4: 1, 2, 4, 5, 3
Question : CRM in the context of software applications means:
Option 1: Customer's Relatives Meet
Option 2: Channel Route Market
Option 3: Customer Relationship Management
Option 4: Customer Retention Manager
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