Correct Answer: Acquiring funds for business operations and expansion
 

Solution : The correct answer is (b) Acquiring funds for business operations and expansion

Business finance involves acquiring the necessary funds and managing financial resources to support a company's day-to-day operations, projects, and future growth. It encompasses activities related to budgeting, financial forecasting, investment decisions, obtaining loans or equity, managing working capital, and overall financial planning to ensure the efficient use of financial resources for achieving the company's objectives.

Correct Answer: Product designing and development 

Solution : Design of a product makes the product attractive to the target customers. A good design can improve performance of a product and also give it a competitive advantage in the market.

Hence, option C is correct.

Correct Answer: Marketing Concept

Solution : The correct answer is  (c) Marketing Concept

The marketing concept focuses on understanding and meeting customers' needs and preferences by analyzing market trends and implementing innovative marketing strategies. It is customer-centric and aims to deliver superior value to customers in order to achieve the organization's goals and objectives.

Correct Answer: Commercial paper

Solution : The correct answer is (d) Commercial paper

Commercial paper is a short-term debt instrument issued by corporations, typically with maturities ranging from a few days to a year. It is a common choice for businesses seeking short-term funds to finance various operational needs, including marketing initiatives in international markets. Commercial paper provides a cost-effective and efficient way to raise capital for short-term activities, making it suitable for funding marketing efforts in this context.

Correct Answer: Marketing Concept

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

The Marketing Concept is a customer-centric approach that centers on understanding and fulfilling customer needs and wants effectively. It involves delivering superior value to customers to achieve customer satisfaction and build strong, long-term customer relationships. The ultimate goal is to meet customer needs and achieve business objectives by creating value and satisfying customers through a customer-oriented approach. This philosophy emphasizes understanding customers and delivering value to them as the key to success.

Correct Answer: Agricultural produce and commodities

Solution : The correct answer is (d) Agricultural produce and commodities.

NAFED is a cooperative organization established with the objective of promoting agricultural marketing and cooperative processing of agricultural produce. It plays a crucial role in the procurement, marketing, and distribution of various agricultural commodities produced by farmers.

The key activities of NAFED include:

1. Procurement: NAFED procures agricultural produce such as grains, oilseeds, pulses, spices, fruits, and vegetables directly from farmers and cooperative societies.

2. Storage and Warehousing: NAFED provides storage and warehousing facilities for the agricultural produce procured, ensuring proper preservation and quality maintenance.

3. Marketing: NAFED undertakes the marketing of agricultural commodities by selling them in domestic and international markets. It ensures fair prices for farmers and provides market access for their produce.

4. Price Stabilization: NAFED works towards stabilizing the prices of agricultural commodities by undertaking market intervention measures such as buffer stocking and supply management.

5. Export Promotion: NAFED facilitates the export of agricultural commodities by coordinating with exporters, providing quality certification, and ensuring adherence to international standards.

NAFED acts as a platform that connects farmers with markets and aims to protect their interests by providing them with fair prices and market access for their produce. It plays a significant role in the marketing and distribution of agricultural commodities in India.

Correct Answer: Gathering and analysing market information

Solution : One of the important functions of marketer is to collect and analyse market information. It is important to analyse available opportunities and threats as well as strength and weaknesses of the organisation. It helps in deciding what opportunities can be pursued by it.

Hence, option A is correct.

Correct Answer: Unity of command
 

Solution : Unity of command is being violated here. It involves each subordinate should receive orders from only one superior. The subordinate is accountable to his single Boss only.
Hence Option B is correct.

Correct Answer: Unity of command
 

Solution : Unity of command is being violated here. It involves each subordinate should receive orders from only one superior. The subordinate is accountable to his single Boss only.
Hence Option B is correct.

Correct Answer: Call money
 

Solution : The correct answer is (b) Call money

To raise short-term funds for marketing its expanded product range, ABC Ltd. might consider using call money. Call money is a short-term finance option borrowed or lent in the interbank market for very short durations, usually overnight. It's often used for short-term funding needs and would be suitable for supporting marketing initiatives for the newly expanded product offerings.