Chapter No 1 :Understanding Market Concepts (47 MCQ`S)

  1. If companies are selling goods and services in the global market place and face additional challenges, it is called ------------------------------.
    1. Global Markets
    2. Business Markets
    3. Consumber Markets
    4. None of these
    5. Show Answer
      Answer: A
      Explanation:
      • N/A
  2. If companies are selling products and service to organizations such as school, charitable organization, is called ------------------------------.
    1. Global Markets
    2. Business Markets
    3. Consumber Markets
    4. Non Profit and Govt Markets
    5. Show Answer
      Answer: A
      Explanation:
      • N/A
  3. If you shop a product from physical market, that place is known as --------------------------.
    1. Marketspace
    2. Marketplace
    3. Metamarket
    4. None of these
    5. Show Answer
      Answer: B
      Explanation:
      • N/A
  4. If you shop a product on the internet, means you have shop from ------------------------.
    1. Marketspace
    2. Marketplace
    3. Metamarket
    4. None of these
    5. Show Answer
      Answer: A
      Explanation:
      • N/A
  5. A cluster of complementary products and services that are closely related in the minds of consumers but are spread across a diverse set of industries is called ------------------------.
    1. Marketspace
    2. Marketplace
    3. Metamarket
    4. None of these
    5. Show Answer
      Answer: C
      Explanation:
      • N/A
  6. A philosophy that a company holds that consumers will prefer products that are widely available and inexpensive is called ---------------------- concept of Marketplace.
    1. Selling Concept
    2. Production Concept
    3. Product Concept
    4. Marketing Concept
    5. Show Answer
      Answer: B
      Explanation:
      • N/A
  7. A philosophy that a company holds that consumers will favor thoese products that offer the most quality, performance and innovative features is called ---------------------------.
    1. Selling Concept
    2. Production Concept
    3. Product Concept
    4. Marketing Concept
    5. Show Answer
      Answer: C
      Explanation:
      • N/A
  8. A philosophy that a company holds that consumers and businesses, if left alone, will ordinarily not buy enough of the organization's products is called -------------------------- concept of marketplace.
    1. Selling Concept
    2. Production Concept
    3. Product Concept
    4. Marketing Concept
    5. Show Answer
      Answer: A
      Explanation:
      • N/A
  9. A philosophy that a company holds that instead of product centered, shift it to customer-centered.
    1. Selling Concept
    2. Production Concept
    3. Product Concept
    4. Marketing Concept
    5. Show Answer
      Answer: D
      Explanation:
      • N/A
  10. Marketing and selling philosophy is also known as -------------------------------- concept.
    1. Selling Concept
    2. Production Concept
    3. Product Concept
    4. Marketing Concept
    5. Show Answer
      Answer: D
      Explanation:
      • N/A

COMING SOON

  1. FINE ARTS
  2. HOME ECONOMICS
  3. JOURNALISM
  4. PHILOSOPHY
  5. SARAIKI(سرائیکی)
  6. SOCIAL WORK