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Economics Questions Answers
Match the items of List-II with List-I and choose the correct code:
List I (Critical Control Standards)
(a) Physical standards
(b) Cost standards
(c) Revenue standards
(d) Program standards
List II (Critical Points)
1. Material cost per unit
2. Labour hours per unil of output
3. Timing of production
4. Average sales per customer
a-2, b-1, c-4, d-3
a-2, b-1, c-3, d-4
a-1, b-2, c-4, d-3
a-4, b-1, c-3, d-2
a-2, b-1, c-4, d-3
Which among the following is not a Correct Statement with regard to Corporate Governance in India?
Every company must appoint an individual or firm as auditor
The independent directors must attend at least three meetings a year
One or more women directors are recommended for certain classes of companies
The maximum number of permissible directors cannot exceed 15 in a public limited company
The independent directors must attend at least three meetings a year
The popular statement - "if all you have is a hammer, everything looks like a nail", is given by:
A. H. Maslow (Hierarchy of Needs)
Henry Eayol (Industrial and General Administration)
F. W. Taylor (Scientific Management).
Fredrick Herzberg (Hygiene Theory)
A. H. Maslow (Hierarchy of Needs)
Functional Leadership Theory is associated with:
Hackman and Walton and McGrath
Bernard and Ordway Tead
Koontz and O'Donnell
Alford and Beatty
Hackman and Walton and McGrath
When two separate companies or two divisions within the same company agree to place both of their respective brands on a particular product or enterprise, this arrangement is termed as:
Differential Branding
Cobranding
Dual Branding
Both Cobranding and Dual Branding
Both Cobranding and Dual Branding
The tangible goods for which a consumer wants to compare quality, price and perhaps style in several stores before making a purchase are called :
Convenience Goods
Shopping Goods
Speciality Goods
Unsought Goods
Shopping Goods
When a company treats each single customer as a separate segment, this is called :
Niche Marketing
Nano Marketing
Single Marketing
Micro Marketing
Micro Marketing
Under which of the following conditions, the level of consumer's involvement will not be high?
The consumer considers the amount of money involved to be large
The product is seen as having low potential for providing significant benefits
The consumer lacks information about alternatives for satisfying the need
The product has considerable social importance
The product is seen as having low potential for providing significant benefits
Match the items of List-II with List-I to identify the correct code which are related to legal forces affecting international marketers.
List I
(a) Tariff
(b) import Quota
(c) Local-content Law
(d) Local-operating Law
(e) Standards and Certification
(f) Boycott
List II
1. A regulation specifying the proportion of a finished product's components and labour that must be provided by importing country
2. Tax imposed on product entering a country and used to protect domestic producers and/or raise revenue
3. A requirement that a product contain or exclude certain ingredients or that it be tested and certified as meeting certain restrictive standards
4. Limiting amount of a particular product that can be brought into a country, to protect domestic, industry or broadening access to its markets
5. A refusal to buy products from a particular company or country
6. A constraint on how, when or where retailing can be conducted
a-3, b-4, c-2, d-1, e-6, f-5
a-6, b-2, c-1, d-4, e-3, f-5
a-2, b-4, c-1, d-6, e-3, f-5
a-4, b-6, c-1, d-2, e-3, f-5
a-2, b-4, c-1, d-6, e-3, f-5
Match the items of List-II with List-l which are related to personal selling process and identify the correct code:
List I
(a) Prospecting
(b) Preapproach
(c) Presentation
(d) Post sales services
List II
1. Attention, Interest, Desire, Action
2. Identifying Profiles, leads, Records and Qualifying capability and willingness
3. Reduce Dissonance, Build goodwill
4. Information, habits, preferences
a-1, b-3, c-4, d-2
a-3, b-4, c-2, d-1
a-2, b-4, c-1, d-3
a-4, b-3, c-2, d-1
a-2, b-4, c-1, d-3