Question :

Option 1: 1- D, 2-C, 3-B, 4-A

Option 2: 1-B, 2-C, 3-A, 4-D

Option 3: 1-C, 2-D, 3-B, 4-A

Option 4: 1-A, 2-B, 3-C, 4-D

Question : A good design can improve performance of a product and also give it a competitive advantage in the market. Which function of marketing is highlighted in the given statement?

Option 1: Marketing planning

Option 2: Customer support services

Option 3: Product designing and development 

Option 4: Storage 

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 3: Packaging and labelling

Option 4: Branding

Question : Which of the following statement is correct?
Statement 1: Grading refers to determining of standard regarding size quality design weight in respect of a particular product.
Statement 2: Standardization refers to ensure uniformity and consistency in output reducing the need for inspection testing and evolution of the products.
 

Option 1: Both are true 

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 1 is false and statement 2 is true.

Question : _________ is a market where economic agents can freely exchange their endowments with each other.

Option 1: Market economy

Option 2: Centrally planned economy

Option 3: Aggregate demand based economy

Option 4: Aggregate supply based economy