Question : Which of the following statement is correct?
Statement 1: From the buyers view point, product is that item which he can get from the consumer.
Statement 2: Product can be both physical things and services.

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 of the following statement is correct?
Statement 1: If the number of buyers is large then it is better to take the services of middleman for the distribution of the goods.
Statement 2: Buyers can  be of two types general buyers and industrial buyers.

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 : Statement 1: From the point of view of the firm innovation maybe cost increasing.
Statement 2: entrepreneurship is creative in the sense that it involves creation of value.
 

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 of the following statement is correct?
Statement 1: A manufacturer should choose minimum channel of distribution for such an item or product which is a highly perishable nature.
Statement 2: If a product is of a technical nature then it is better to supply directly to the consumer.
 

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 of the statement is true?
Statement 1- Healthy working condition is a personal objective of management.
Statement 2- Quality product at fair price is an organisational objectives.
 

Option 1: Both are true 
 

Option 2: Both are false 
 

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

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

Question : Which of the following statement is correct?
Statement 1: Packaging serves as a  identification of the product.
Statement 2: Branding is to provide protection to the product.
 

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.