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- Question
Productivity is the combination of
Options- A. efficiency and energy
- B. efficiency and effectiveness
- C. efficiency and attitude
- D. effectiveness and resources
- Correct Answer
- efficiency and effectiveness
ExplanationProductivity is a result of the way that a business operates ? the result of the way that its people, business processes, different functional units and suppliers come together to meet the needs and wants of its customers.
Productivity is the combination of intelligent planning and focused efforts and hence, it is a combination of Efficiency and Effectiveness.
Efficiency :
Efficiency is an internal measure of performance for companies that shows how well the company converts inputs into outputs. The more the ratio of outputs to inputs approaches 100 percent, the better the efficiency of the process will be. In simple terms, it is ?doing things right? and comes from proper harnessing of time, cost and efforts.
Effectiveness :
Organizational effectiveness is an external measure of performance and indicates how well an organization fulfills the demands of various organizational stakeholders. Simply put, it is ?doing the right things." - 1. 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 Discuss
- 2. Managing the sales force : For a new salesperson, what are his training needs? Discuss
- 3. Marketing organisation: As a consultant, what advice would you give a company while setting up its marketing department? Discuss
- 4. Promotions and promotion mix : What is the difference between a marketing mix and a promotional mix? Discuss
- 5. 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
- 6. 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
- 7. Selecting and managing marketing channels : On what criteria can channel members be evaluated for their proper selection? Discuss
- 8. Selecting and managing marketing channels : How are the channel members managed and motivated, once they are selected? Discuss
- 9. Selecting and managing marketing channels : What are the factors to be considered before deciding upon setting up a channel? Discuss
- 10. Designing pricing strategies and programs : How do sellers respond to price changes of their competitors? Discuss
Marketing and Sales problems
Search Results
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.
Correct Answer: New salespersons needs: a) He needs to know the information on company history, its policies, rules and regulations etc b) Details about the product- its features, usage , demand c) Systems and procedures as followed by the company This may include the work timings, overimed, field work, work culture of that particular organisation etc d) Training on the basic ethics that need to be followed while selling a product e) He must know the basics of selling the different products of the company
Correct Answer: As a consultant , I would: ? Recommend structuring of the marketing department as per the demands of the different tasks, roles and responsibilities keeping in mind the cost(budget) factor as long as it fits within the budget of the company ? Finding out and establishing the level of skills, duties and responsibilities of the employees via job descriptions and job specifications ? Proper and regular supervision of the department to ensure its smooth functioning ? Determine the marketing functions of the department as per the requirements (advertising,distribution channels,promotional activities)
Correct Answer: A marketing mix and a promotional mix does have some differences, both being highly crucial for the success of a business Marketing is very essential for the growth and continuity of business operations It helps in creating new customers and retaining the existing ones to keep the business ongoing Marketing focuses on all the elements of the marketing mix viz product, price, place and promotion while promotion focuses more on the customer- how to reach a product to its customers and how to sell it to them ultimately
Correct Answer: The Marginal Cost is Less than Average Cost
Correct Answer: II and III only
Explanation:
Plagiarism is when you copy someone's work and try to pass it off as your own. Plagiarism can be a violation of copyright laws and can be considered cheating, resulting in you getting a failing grade or even being kicked out of school.
Correct Answer: The SCPCA method can be used to evaluate channel members a) Sales (S): How much sales each channel member can give within a cetain time frame b) Cost(C): How much cost would be incurred for each channel? c) Profitability(P): Which channel can give better profitability to the company? d) Control(C): Whether company can have better control over its channel members or not e) Adaptability (A): Whether the channel alternatives are flexible enough to any changes or not The channel meeting the objectives of the company is selected
Correct Answer: These days channel members are being accepted by companies as their partners The intermediaries are even being asked to integrate their business with the companies which results in lesser costs, greater efficiency and improved customer service Corporates like Airtel are adopting PRM (Partner relationship management) software to give that added advantage to their supply chain They organise rewards and recognition programs for their channel partners and also organise proper channels though which partners can vent any of their grievances relating to payments, violation of codes etc
Correct Answer: aUnderstanding the customer profile : the tastes,preferences, habits of the customers may differ from person to person bDetermining the objective as to who would be the target market, whether the company wants to go for cost minimisation or not etc cType of channel members :Who all would be involved? Wholesalers, retailers? dThe criteria on which the channel members would be evaluated and selected eHow many intermediaries will be involved in the overall distribution?
Correct Answer: In the light of competition, it may be seen that competitors may initiate price changes If the cutting off on prices does not affect the company, then the current pricing strategy itself can be continued to maintain the profitability of the company However if the price change on one firm is affecting the other, then it can: areduce the product price at par with competitors? price or below competitors? price or b Provide added advantage to the existing product like better quality, or ?a buy one get one free? offer or cProvide better quality of the product at a higher price thereby not being at par with the competitors
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