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  • Question
  • Demand side market failures occur when


  • Options
  • A. supply curves do not reflect the full cost of producing a good or services
  • B. demand curves do not reflect consumer?s full willingness to pay for goods or services
  • C. government imposes tax on a good or a service
  • D. a good or service is not produced because no one demands it

  • Correct Answer
  • demand curves do not reflect consumer?s full willingness to pay for goods or services 

    Explanation

    Market failure arises because it is not possible for the market to correctly weight cost and benefits in a situation in which some of the cost is completely unaccounted.

    Demand-side market failures happen when demand curves do not reflect consumer?s full willingness to pay for goods or services.

    Supply-side market failures occur when supply curves do not reflect the full cost of producing a good or services.

  • Tags: Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

    Marketing and Sales problems


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    • 1. Managing the sales force : For a new salesperson, what are his training needs?
    • Discuss
    • 2. Marketing organisation: As a consultant, what advice would you give a company while setting up its marketing department?
    • Discuss
    • 3. Promotions and promotion mix : What is the difference between a marketing mix and a promotional mix?
    • Discuss
    • 4. If Average Total Cost is declining then

    • Options
    • A. The Marginal Cost is Less than Average Cost
    • B. The Total Cost must also be Declining
    • C. The Marginal Cost is Greater than Average Cost
    • D. The Average Fixed Cost curve must lie above the average variable cost curve
    • Discuss
    • 5. What is Sales Order (SO)?
    • Discuss
    • 6. Productivity is the combination of

    • Options
    • A. efficiency and energy
    • B. efficiency and effectiveness
    • C. efficiency and attitude
    • D. effectiveness and resources
    • Discuss
    • 7. Which of the following are examples of plagiarism? I. Using someone else's idea in your own writing, and including an in-text citation that links to a works-cited list. II. Using someone else's words in your writing without putting quotation marks around them. III. Reproducing a drawing or diagram without including information about where you found it.

    • Options
    • A. II only
    • B. I only
    • C. I and III only
    • D. II and III only
    • Discuss
    • 8. Selecting and managing marketing channels : On what criteria can channel members be evaluated for their proper selection?
    • Discuss
    • 9. Selecting and managing marketing channels : How are the channel members managed and motivated, once they are selected?
    • Discuss
    • 10. Selecting and managing marketing channels : What are the factors to be considered before deciding upon setting up a channel?
    • Discuss


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