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- Question
The buying and selling of goods is called
Options- A. Commerce
- B. Telecommunication
- C. Trade
- D. Business
- Correct Answer
- Trade
ExplanationThe buying and selling of goods is called Trade. Trade is a part of business where goods and services are exchanged for mney and mainly to earn profit. Commerce is used to describe trade and all the other business activities and services which make trade possible like banking, insurance, transport and advertising.
- 1. Effective sales management begins with
Options- A. designing a compensation plan
- B. determining sales goals
- C. determining the most efficient structure for the sales force
- D. specifying the sales force size Discuss
- 2. An example of an on premise establishment is
Options- A. A local pub
- B. A restaurant that sells mixed drinks
- C. Both A & B
- D. None of the above Discuss
- 3. Innovation allows producers to
Options- A. follow restrictions that the government imposes
- B. offer warranties for all of their products
- C. create goods that draw consumer attention
- D. avoid competing with similar businesses Discuss
- 4. A raise in the price of a product causes
Options- A. an increase in competition
- B. an increase in demand
- C. a decrease in competition
- D. a decrease in supply Discuss
- 5. Which phase of DMAIC is designed to insure that the problem does NOT reoccur and that the new processes can be further improved over time?
Options- A. Design
- B. Control
- C. Analyze
- D. Improve Discuss
- 6. Oligopolistic industries are characterized by
Options- A. a few dominant firms and no barriers to entry
- B. a large number of firms and low entry barriers
- C. a few dominant firms and substantial entry barriers
- D. a few dominant firms and low entry barriers Discuss
- 7. Which of the following does not fall into the functions ofPayments Banks?
Options- A. acceptance of demand deposits
- B. Internet banking
- C. remittance services
- D. lending services Discuss
- 8. Australia - based core banking software, Financial Network Services (FNS) has been acquired by an indian comapny. Identify the company from the choices given below.
Options- A. Wipro Technologies
- B. Mindtree
- C. Infosys
- D. TCS Discuss
- 9. Name the International Bank in which Temasek Holdings Pte, Singapore's government - owned investment arm, has announced to pick up 12 per cent stake.
Options- A. Deutsche Bank
- B. ABN Amro Bank
- C. HSBC Bank
- D. Standard Chartered Plc Discuss
- 10. Making Optimal decisions at the margin requires Discuss
Business Awareness problems
Search Results
Correct Answer: determining sales goals
Explanation:
Effective sales management begins with determining sales goals. Effective sales management stems from a success-oriented sales force that accomplishes its mission economically and efficiently.
Correct Answer: Both A & B
Correct Answer: create goods that draw consumer attention
Correct Answer: an increase in competition
Explanation:
The raise in the price of a product may be due to increase in cost of production, increase in the demand of the product and increase in the margin.
When the price of a product increases its demand may fall as per the Law of Demand and an increase in the competition.
Correct Answer: Control
Explanation:
DMAIC refers to define, measure, analyze, improve, control phases.
Correct Answer: a few dominant firms and substantial entry barriers
Explanation:
Oligopoly is market structure where a small number of large firms are there. Oligopolistic industries are characterized by a few dominant firms and substantial entry barriers.
Correct Answer: lending services
Correct Answer: TCS
Correct Answer: Standard Chartered Plc
Correct Answer: Making Optimal decisions at the margin requires "Weighing the costs and benefits of a decision before deciding if it should be pursued"
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