Question : Which of the following statement is correct? Statement 1: Promotion of a product is affected by rate of profit, price of competitive product and policy of the government. Statement 2: Promotion means informing the consumers about the products of the company.
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.
Correct Answer: Statement 1 is false and statement 2 is true.
Solution : Pricing of products is the most important function of a marketing manager to fix price of a product. The price of productives affected by its cost rate of profit price of competitive product policy of the government etc. Promotion means informing the consumer about the products of the company and encouraging them to buy these products.
Hence, option D is correct.
Question : Which of the following statement is correct? Statement 1: Selling focuses on product,promotion,pricing and physical distribution. Statement 2: Marketing pays attention to the promotion.
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.
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 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.
Question : Statement 1: The Foreign Trade Policy of India during 1951-1991 aimed to reduce dependence on imports.
Statement 2: The policy focused on export promotion and earning foreign exchange.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
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