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Question : Which objective of government budget is highlighted here?
The taxation and government spending helps to Set up production unit in the economically backward areas.
 

Option 1: Management of public enterprises
 

Option 2: Economic growth
 

Option 3: Reducing regional disparities
 

Option 4: Employment generation
 

Team Careers360 15th Jan, 2024

Correct Answer: Reducing regional disparities
 


Solution : Under Reducing regional disparities, the government aims to reduce such disparities with the help of setting up such industries in the economically backward areas. Taxation and expenditure policy helps to achieve this objective.
Hence Option C is correct.

8 Views

Question : Case Study:

A company believes that the key to success lies in achieving customer satisfaction and building long-term relationships. They aim to understand customer needs and deliver superior value. This philosophy aligns with:

 

Option 1: Production Concept

Option 2: Selling Concept

Option 3: Marketing Concept

Option 4: Product Concept

Team Careers360 7th Jan, 2024

Correct Answer: Marketing Concept


Solution : The correct answer is (c) Marketing Concept.

The Marketing Concept is a customer-centric philosophy that focuses on understanding and meeting customer needs and wants. It involves delivering superior value to customers to achieve customer satisfaction and, in turn, gain long-term customer loyalty. This approach aims to create a strong customer orientation throughout the organization, where the primary goal is to provide products or services that address customer needs and preferences effectively, ultimately leading to business success.

 

13 Views

Question : Statement 1: By integrating and automating all business processes, computerised accounting system benefits all firms.
Statement 2: These tasks could include production, inventory management, sales, and financing.

Option 1: Both the statements are true

Option 2: Both the statements are false

Option 3: Statement 1 is true and statement 2 is false

Option 4: Statement 1 is false and statement 2 is true

Team Careers360 4th Jan, 2024

Correct Answer: Both the statements are true


Solution : By integrating and automating all business processes, computerised accounting system benefits all firms.
These tasks could include production, inventory management, sales, and financing. Additionally, it makes it easier to organise precise and current business data in an approachable way. Hence, the correct option is 1.

8 Views

Question : The Index of eight core Indian industries is a production index prepared by CSO and is considered to be the lead indicator of the industrial performance in India. Which of the following industries is not treated as a core industry for calculating this index?

Option 1: Fertilisers

Option 2: Information technology

Option 3: Cement

Option 4: Natural gas

Team Careers360 23rd Jan, 2024

Correct Answer: Information technology


Solution : The correct answer is Information technology.

The index of eight core Indian industries is a production index prepared by CSO and is considered to be the leading indicator of industrial performance in India. The eight core industries are coal, crude oil, natural gas, refinery products, cement, fertilisers, steel and electricity. The information technology industry is not treated as a core industry for calculating this index.

16 Views

Question : Case Study:

XYZ Electronics invests in building a strong brand for their products, leading to increased customer loyalty and higher perceived value. Which advantage of branding is demonstrated in this case?

 

Option 1: Increased Production Efficiency

Option 2: Enhanced Consumer Trust

Option 3: Lower Product Costs

Option 4: Reduced Marketing Expenses

Team Careers360 22nd Jan, 2024

Correct Answer: Enhanced Consumer Trust


Solution : The correct answer is (b) Enhanced Consumer Trust. 

By investing in building a strong brand for their products, XYZ Electronics has created a positive image and reputation in the minds of consumers. This leads to enhanced consumer trust, as consumers are more likely to trust and be loyal to a brand they recognize and perceive as valuable. A strong brand also signifies consistent quality and reliability, further contributing to consumer trust and loyalty. Increased production efficiency, lower product costs, and reduced marketing expenses are potential benefits of effective branding but are not explicitly demonstrated in this case.

 

7 Views

Question : Case Study 9: Women Entrepreneurship

Mrs. Sharma, a highly motivated and skilled woman, started her own clothing boutique. She sources clothing and accessories from local artisans and promotes traditional craftsmanship, empowering women from rural areas to become financially independent.

Question:

How does Mrs. Sharma's boutique contribute to the empowerment of women?

Option 1: By hiring only male employees
   

Option 2: By promoting traditional craftsmanship
   

Option 3: By outsourcing production to other countries

 

Option 4: By focusing on high-profit margins

Team Careers360 3rd Jan, 2024

Correct Answer: By promoting traditional craftsmanship
   


Solution : The correct answer is (b) By promoting traditional craftsmanship

Mrs. Sharma's business empowers women by promoting traditional craftsmanship and sourcing products from local artisans. This approach provides economic opportunities for women in rural areas, allowing them to showcase their skills and become financially independent. The focus on traditional craftsmanship aligns with the empowerment of women through economic participation and recognition of their talents.

20 Views

Question : Assertion: Marketing management aims to enhance customer satisfaction and loyalty.

Reason: Marketing management is solely about increasing the production of goods.

 

Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.

Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

Option 3: Assertion is true, but the reason is false.

Option 4: Assertion is false, but the reason is true.

Team Careers360 11th Jan, 2024

Correct Answer: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.


Solution : The correct answer is (b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

The assertion is true. Marketing management involves various strategies and activities aimed at understanding customer needs, promoting products or services that meet those needs, and building strong relationships with customers to enhance satisfaction and loyalty.

The reason is not the correct explanation of the assertion. While production of goods is a part of marketing management, it is not the sole focus. Marketing management encompasses a broader range of activities, including market research, product development, pricing strategies, distribution, and promotion, all of which are aimed at understanding and satisfying customer needs to enhance satisfaction and build loyalty.

12 Views

Question : Which of the following do not consist of top level management?

Option 1: President

Option 2: Vice president

Option 3: Chairman

Option 4: Production manager

 

Team Careers360 16th Jan, 2024

Correct Answer: Production manager

 


Solution : Production manager is included in the middle level management.

Hence, Option D is correct.

49 Views

b.voc dairy production and technology course are eligible for NDRI Entrance Examination?

Tanya Gupta 21st Jan, 2024

Hello,

Yes, the B Voc Dairy Production and Technology course is eligible for the NDRI (National Dairy Research Institute) Entrance Examination. NDRI offers various courses related to dairy science and technology, and the B.Voc course is one of them. It is a great option if you are interested in the dairy industry.

Hope this helps you ,

Thank you

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