Marketing and Sales problems
- 1. What is innovation in marketing? Discuss
Correct Answer: Innovation is generally considered a process that brings together various novel ideas in a way that they have an impact on society It differs from invention in that innovation refers to the use of a better and, as a result, novel idea or method, whereas invention refers more directly to the creation of the idea or method itself Innovation differs from improvement in that innovation refers to the notion of doing something different rather than doing the same thing better
- 2. Consumer protection laws are meant to Also asked in: Analyst, Bank Clerk, Bank PO
Correct Answer: Protect the consumer from the seller who cheat to sell his product The FTC?s Bureau of Consumer Protection stops unfair, deceptive and fraudulent business practices by collecting complaints and conducting investigations, suing companies and people that break the law, developing rules to maintain a fair marketplace, and educating consumers and businesses about their rights and responsibilities
- 3. Which of the following is not a selling expense?
Options- A. Freight-out
- B. Advertising expense
- C. Store supplies
- D. Office salaries expense Also asked in: CAT, Analyst, Bank Clerk
Correct Answer: Office salaries expense
Explanation:
Office salaries expense would not come under a selling expense.
- 4. What does destination scan mean?
Options- A. The shipment has arrived at a UPS facility.
- B. The shipment has departed a UPS facility and is on its way to the next UPS facility.
- C. The shipment has arrived at the local UPS facility responsible for final delivery.
- D. UPS has received the shipment. Discuss
Correct Answer: The shipment has arrived at the local UPS facility responsible for final delivery.
Explanation:
Shipment movement information is captured each time a tracking label is scanned in the UPS delivery system. There may be several days between scans if the shipment is going cross-country or moving between countries.
Destination Scan: The shipment has arrived at the local UPS facility responsible for final delivery.
Arrival Scan: The shipment has arrived at a UPS facility.
Departure Scan: The shipment has departed a UPS facility and is on its way to the next UPS facility.
Origin Scan: UPS has received the shipment.
- 5. In-transit to destination or out for delivery means Discuss
Correct Answer: When you give your item to the USPS for delivery, it accepts your item and starts the process of delivery Transit is a part of the shipment delivery process When we say that the package is in the transit or in transit to the destination, it means that the package is on the way to the delivery
- 6. A supply curve slopes upward because
Options- A. an increase in price gives producers an incentive to supply a larger quantity.
- B. the quantity supplied of most goods and services increases over time.
- C. an increase in input prices increases supply.
- D. as more is produced, total cost of production falls. Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: an increase in price gives producers an incentive to supply a larger quantity.
Explanation:
The supply curve slopes upward because for reflecting the higher price needed to cover the higher marginal cost of production.
- 7. The relationship between quantity supplied and price is
Options- A. Directly proportional
- B. Inverselyproportional
- C. Can't be determined
- D. None of the above Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: Directly proportional
Explanation:
Price and quantity supplied move in the same direction. As the price decreases, quantity supplied also decreases and viceversa.
- 9. The systematic risk of the market is measured by
Options- A. alpha
- B. beta
- C. gamma
- D. All of the above Also asked in: Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: beta
Explanation:
Beta is the measurement of the systematic risk of the market.
- 10. In contrast to investment, consumption is
Options- A. relatively unstable
- B. measurable
- C. unmeasurable
- D. relatively stable Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: relatively stable
Explanation:
In contrast to investment, consumption is relatively stable.
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