Question : Which of the following statement is correct? Statement 1: Selling refers to that process under which valuable goods or services are created, offered and by doing transactions independently,the needs are satisfied. Statement 2: Marketing involves gathering and analysing market information and marketing planning.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Correct Answer: Statement 1 is false and statement 2 is true.
Solution : Marketing refers to that process under which valuable goods or services are created,offered and by doing transactions independently, the needs are satisfied. Marketing includes activities such as gathering and analysing marketing information, marketing planning, product designing and development, etc.
Hence, option D is correct.
Question : Questions : Business Finance and Its Meaning
Statement 1: Financial planning plays a vital role in allocating funds optimally.
Statement 2: Financial planning focuses solely on marketing and sales strategies.
Option 1: Statement 1 is true, and statement 2 is false.
Option 2: Statement 1 is false, and statement 2 is true.
Option 3: Both statements 1 and 2 are true.
Option 4: Both statements 1 and 2 are false.
Statement 1: Financial planning plays a critical role in optimizing the allocation of funds.
Statement 2: Financial planning focuses only on allocation of funds to marketing activities.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile