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 : 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 : 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 : Statement 1: Marketing concept emphasizes building customer relationships through value creation.

Statement 2: Selling concept focuses on understanding customer needs to design better products.

Option 1: Both statements are correct.

Option 2: Statement 1 is correct, and statement 2 is false.

Option 3: Both statements are incorrect.

Option 4: Statement 2 is correct, and statement 1 is incorrect.

Question : Statement 1: Marketing concept emphasizes building customer relationships through value creation.

Statement 2: Selling concept focuses on understanding customer needs to design better products.

Option 1: Both statements are correct.

Option 2: Statement 1 is correct, and statement 2 is false.

Option 3: Both statements are incorrect.

Option 4: Statement 2 is correct, and statement 1 is incorrect.