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 of the following statement is correct?
Statement 1: Product mix refers to a combination of promotional tools used by the business to inform and pursuade the customers about the products.
Statement 2: Publicity is a medium of providing information about a particular product to the customer.
 

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: labelling lacks to find out which pack contains what type of quality.
Statement 2: The quality of branded product is generally better.

 

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: Promotion mix refers to the combination of all the decisions related to make products available to consumers.
Statement 2: Price mix refers to all those decisions which are concerned with the price fixation of any product or 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.