Question : It ensures the buyers that goods conform to the predetermined standards of quality, price and packaging. Which function of marketing is highlighted in the given statement?
Option 1: Marketing planning
Option 2: Standardization and grading
Option 3: Gathering and analysing marketing information
Option 4: Storage
Correct Answer: Standardization and grading
Solution : Standardization refers to producing goods of pre-determine specifications to achieve uniformity and consistency in the output. Standardization provides assurance about quality, price and packaging of the product.
Hence, option B is correct.
Question : It ensures that goods belong to a particular quality and helps in realising higher prices for higher quality product. Which function of marketing is highlighted in the given statement?
Option 1: Packaging
Option 2: Labelling
Option 3: Standardization
Option 4: Grading
Question : Which function of marketing is highlighted in the given statement? Statement: It involves determination of products price.
Option 1: Gathering and analysing market information
Option 2: Price
Option 3: Packaging and labelling
Option 4: Branding
Question : It is to develop appropriate marketing plans so that the marketing objectives of the organisation can be achieved. Which function of marketing is highlighted in the given statement?
Option 2: Customer support services
Question : It reduces the need for inspection testing and evaluation of the product. Which function of marketing is highlighted in the given statement?
Option 4: Standardization and grading
Question : It is necessary to identify the needs of the customers and take various decisions for the successful marketing of the production services. Which function of marketing is highlighted in the given statement?
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