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Marketing Test - 48

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Marketing Test - 48
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Weekly Quiz Competition
  • Question 1
    1 / -0
    _________ evaluates how easy it is for buyers to drive prices down.
  • Question 2
    1 / -0
    What is that market called when the good sells at the same price in all parts of the market?
  • Question 3
    1 / -0
    The firm is a price-maker in which market structure?
  • Question 4
    1 / -0
    Entry-exist is free under which market structure?
  • Question 5
    1 / -0
    _____________ specifies the estimated quantity and cost of material during different volumes of production.
    Solution
    Material budget specifies the estimated quality and cost of material during different volumes of production.
    It is the budget prepared to show the quality of direct material and raw materials required to manufacture a product.
  • Question 6
    1 / -0
    Sell _________ and not ______ is the statement given by steve is...
  • Question 7
    1 / -0
    Equilibrium price is also called:
  • Question 8
    1 / -0
    ______________ specifies the volume of production during a period(s).
    Solution
    Production budget specifies the volume of production during a period . It is prepared to indicate the product to be manufactured for a specified period and is expressed in the units of outputs produced.
  • Question 9
    1 / -0
    Selling is a narrow concept as compared to marketing.
    Solution
    True .selling is a narrow concept as compared to marketing . As selling is part of marketing which is a wider concept . 
    Marketing is related to promotion and transfer of the commodity from one person to the other . Marketing concept incorporates a number of activities like identifying the need of customers , designing and developing the product as per their wants etc.
  • Question 10
    1 / -0
    ____________ specifies expected sale of goods during a period(s).
    Solution
    Sales budget specifies expected sale of goods during a period . It is used to determine the quantity of anticipated sales and the expected selling price per unit.
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