Question : Which of the following statements are correct?

1. Consumption function refers to functional relationship between consumption and savings.
2. It is a psychology concept as it is influenced by the subjective factors like consumers, taste preference, etc.
3. It also shows the consumption level at different levels of income.
4. C=f(Y)

 

Option 1: 1,2&3
 

Option 2: 2,3&4
 

Option 3: 1,3&4
 

Option 4: Only 3&4
 

Question : Which function of marketing is highlighted in the given statement?
Statement: The need for it rises because there is a time gap between production and consumption of goods.
 

Option 1: Physical distribution 

Option 2: Product designing and development

Option 3: Transportation 
 

Option 4: Storage or warehousing
 

Question : It refers to designing and developing the label to be put on the package. 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 fills this place by carrying good from place of production to place of consumption.
 

Option 1: Gathering and analysing market information
 

Option 2: Product designing and development
 

Option 3: Packaging and labelling
 

Option 4: Transportation

Question : It refers to designing and developing the package for the products. Which function of marketing is highlighted in the given statement?
 

Option 1: Packaging

Option 2: Labelling

Option 3: Standardization

Option 4: Grading

Question : It fills the gap by carrying goods from place of production to place of consumption. Which function of marketing is highlighted in the given statement?

 

Option 1: Customer support service

Option 2: Transportation 

Option 3: Physical distribution

Option 4: None of the above