InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 201. |
What is packing? |
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Answer» It refers to placing product in suitable packages for safe & easy, handling |
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| 202. |
What is meant by Place Mix? |
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Answer» It refers to the combination of all decisions relating to make products available to consumers. |
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| 203. |
State the meaning of grading. |
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Answer» Grading is the process of sorting out individual units of a product into well-defined classes that possess similar characteristics of size & quality. |
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| 204. |
Define Advertising. |
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Answer» According to C.L. Bolling, “advertising can be described as the art of creating a demand for article or a service.” |
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| 205. |
Good Living Ltd. manufactures mosquito repellent tablets. These tablets are packed in strips of 12 tablets each. Each of these strips are packed in a cardboard box, 48 such boxes are then placed in a big corrugated box and delivered to the various retailers for sale. State the purpose of packaging the tablets in a corrugated box. |
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Answer» The packaging of tablets in a corrugated box is necessary for the purpose of storage, identification and transportation. |
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| 206. |
What is branding? |
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Answer» Banding is a distinctive processing of assigning as brand by whicha product can be identifies and remembered easily by the customer. |
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| 207. |
Define ‘Personal Selling’ |
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Answer» According to Richard Buskrik, “Personal selling consists of contacting prospective buyers of product personally.” |
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| 208. |
Name any two elements of marketing mix. |
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Answer» Product mix, price mix |
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| 209. |
Good Living Ltd. manufactures mosquito repellent tablets. These tablets are packed in strips of 12 tablets each. Each of these strips are packed in a cardboard box, 48 such boxes are then placed in a big corrugated box and delivered to various retailers for sale.State the purpose of packaging the tablets in a corrugated box. |
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Answer» The packaging of tablets in a corrugated box is necessary for the purpose of storage, identification and transportation. |
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| 210. |
What is meant by ‘Sales Promotion’? |
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Answer» It refers to short-term incentives, which are designed to encourage the buyers to make immediate purchase of a product or service. |
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| 211. |
What type of conversation takes place in ‘Personal Selling’? |
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Answer» There is oral conversation between the sales person and the buyer regarding the features of the product, i.e., price, colour, shape, design, method of use, etc. |
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| 212. |
Differentiate between Advertising and Personal Selling on the basis of ‘Feedback’. |
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Answer»
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| 213. |
What is included in the physical qualities of a good salesman? |
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Answer» Personality, Health Stamina and Tolerance. |
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| 214. |
Enumerate any two qualities of a good Salesman. |
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Answer» i. Physical Attributes ii. Social Attributes |
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| 215. |
State any one of the objectives of sales promotion. |
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Answer» To attract the. potential customers. |
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| 216. |
State any one of the qualities of a successful salesman, |
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Answer» Physical Qualities. |
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| 217. |
Describe any three points of importance of personal selling each to Businessmen and Society. |
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Answer» Yes, we agree that 'Personal selling is a powerful tool for a business organisation.' Importance to Businessmen: Personal selling is important for a businessmen because of the following reasons: (i) Effective promotional tool: Personal selling is an effective promotional tool as it increases the possibility of sales by influencing the consumer about the qualities, features and merits of a product. (ii) Consumer's attention: In personal selling, it is easy to achieve consumer's attention as there is a direct contact with the customers, which helps a sales person in successfully completing the sale. (iii) Link with customers: In personal selling, sales person helps to link business with its customers by performing three different roles: persuasive role, service role and informative role. Importance to the society: The benefits of personal selling to the society are as follows: (i) Converts the latent demand: Personal selling helps in converting the latent demand into an effective demand. Effective demand raises the production, which results in more jobs, more incomes and more products and services. In this way, personal selling brings economic growth. (ii) Career opportunities: Personal selling provides attractive opportunities for the career advancement and job satisfaction. It also provides security, respect and independence to the young generation. (iii) Product standardisation: Personal selling encourages product standardisation and brings uniformity in consumption pattern in a diverse society. |
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| 218. |
Production Concept. |
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Answer» In this concept the emphasis is placed on product availability and price. But more importance is not given to the quality of the product. |
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| 219. |
Which parties are involved in marketing? |
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Answer» Suppliers of product, middlemen involved in sale distribution, consumers, etc. |
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| 220. |
What is preferred in production concept? |
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Answer» Under this concept, not quality but ‘availability of product’ and ‘low price’ are given preference. |
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| 221. |
What is Product Concept. |
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Answer» In this concept emphasis is put on quality of the product. But need and selection, etc. of the consumer is not given importance. |
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| 222. |
Marketing Concept. |
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Answer» In this concept research is made on necessity of the consumers, their preferences, habits, desires, etc. then accordingly product manufacturing is done. In this concept all the activities are consumer oriented. |
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| 223. |
Define Selling Concept. |
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Answer» In this concept to attract consumers direct or indirect appeal is made J,o them. But on the necessity of the consumers enough attention is not given. |
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| 224. |
On what principle does the product concept work? |
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Answer» Consumers will favour products that offer the most in quality, performance and innovative features. |
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| 225. |
What do you mean by 4Ps? |
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| 226. |
What is selling concept? |
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Answer» The selling concept holds the idea that “consumers will not buy enough of the firm’s products unless it undertakes a large-scale selling and promotion effort” |
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| 227. |
Give an idea about the marketing concept. |
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Answer» Marketing concept believes in the philosophy that “Consumer is the king of the market.” “The aim of this concept is to provide effective and efficient product as compared to competitors.” |
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| 228. |
What is fat tax? |
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Answer» A tax proposed on foods or drinks judged to be unhealthy and whose consumption is believed to be linked to rising obesity levels is called fat tax. |
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| 229. |
Why ethically social concept is higher than the marketing concept? |
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Answer» Marketing concept gives priority only to the preferences of the consumers and ignores loss that might occur to the society. Social concepts says that the marketing management should be such that the society or the environment is least affected. |
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| 230. |
Why is Marketing called a social process? |
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Answer» Marketing is a social process by which people interact with others in order to persuade them to act in a particular way, say to purchase a product or service rather than forcing them to do so. |
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| 231. |
Why is marketing called a social process? |
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Answer» As it involves interaction of people. |
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| 232. |
What are the tools of public relations? |
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Answer» The following are the tools of public relations: i. News: News is a good and faithful source to convey information to the public. The officers of the public relation department time to time present such information which are worthy being covered in news. For example, news may be how the company is giving special facility to children in the context of Childrens’ Day. ii. Events: In the form of events companies time to time organise press conferences and opening ceremonies of new office, factory premises and branches. This is a big image building media. iii. Printed Material: To attract the public various types of printed material is sent to the relevant group of public printed material mainly includes Annual report, Articles etc. Generally, these are send to the shareholders. iv. Speeches: Public relation department frequently creates occasions when the senior managers address the various groups of people regarding the progress of the company. The various groups of people include bankers, shareholders, employees and select customers. v. Public Service Activities: Oftenly the companies attach themselves to some Public Service Activities. The objective to do this is to create a good image in the Public. For example; to take the responsibility or onus of maintaining any park, religious place or any other public place. |
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| 233. |
Write the meaning and features of personal selling. |
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Answer» Meaning: Personal selling consists of contracting prospective buyers of product personally. Features: Main Features of personal selling are as under: i. Personal Form: Under personal selling there establishes personal contact between buyers and salesman. In other words, both the parties face each other. ii. Development of Relationship: Personal selling results in the development of personal relationship between the sales person and the possible buyer. Such a relationship has an important place in sales. iii. Oral Conversation: There is oral conversation between the sales person and the buyer regarding the features of the product, i.e., price, colour, shape, design, method of use, etc. iv. Quick solution of Queries: The prospective buyer can make inquiries regarding the product. Salesman answers these queries quickly and removes any doubts in the mind of the buyer. |
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| 234. |
'Time Line' watch manufacturing company is a renowned company marketing watches. It performs various activities like, market analysis, product designing or merchandising, packaging, warehousing, branding, pricing, promotion and selling. The company maintains good customer relations through various follow up activities. This helps the company is procuring repeat sales orders. (a) Name the concept related to the activities mentioned in the above paragraph. (b) Explain any two features of the concept identified in part (a). |
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Answer» (a) Marketing (b) Features of marketing (i) Need and wants (ii) Creating market offering (iii) Customer value (iv) Exchange mechanism |
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| 235. |
Crackers Ltd., a fire cracker manufacturing company launched some new products on the eve of Diwali which attracted many buyers. To meet the increased demand, the company employed children from nearby villages. Although the product was in a great demand, appropriate safety warnings for usage were not mentioned on the packets that led to many accidents. (i) Identify and explain the important product related decision that was not taken into consideration by the company. (ii) Also, identify any two values which were violated by the company. |
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Answer» (i) The important product related decision that was not taken into consideration by the company is Labelling. Labelling refers to the designing of the label to be put on the package to provide detailed information about the product, its contents, methods of use, and any information required by the law. (ii) Two values violated by the company are as follows: (a) Giving correct information to the users. (b) Right to safety and right to be informed. (c) Respect to the Act. passed by the Govt. to stop child labour. (d) Legal provisions regarding safety warnings for the use of the hazardous product to be written on the package. (e) Fulfillment of the social responsibility. |
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| 236. |
‘It is necessary that goods and services must be made available to the customer at the right place, in right quantity and at the right time’.1. Name and explain the concerned element of marketing-mix.2. Explain the components of this element |
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Answer» 1. It is physical distribution. 2. 1. Transportation: Transportation is that activity through which products are moved from one place to another. By making the products reach a desirable place can increase the importance and value of those products. For example: Himachal Pradesh and Kashmir grow apples in large quantities and their demand is throughout the country. These apples are moved to their desired places by means of transportation. Many means of transportation are available, like—road, railway, air, water, pipeline etc. Transportation involves cost. While choosing the means of transportation, the following elements should be kept in consideration: i. Cost ii. Speed, iii. Dependability, iv. Frequency, v. Power, vi. Safety. 2. Inventory: By inventory we mean the stock of raw material, semi-finished goods and finished goods held in anticipation of sales or use. How much inventory should be kept for various items? This is an important decision in Physical Distribution. The main reason as to why this decision is important is that if the inventory is either more or less than required, both the situations have their advantages and limitations. Like: i. Low Quantity of Stock: If the quantity of inventory is kept low, then less amount of money is blocked and as a result of this investment is small. On the other hand, with the slight increase in demand because of the scarcity of inventory the consumers will turn to the rival companies. ii. Excessive Quantity of Stock: If the stock is available in excessive quantity, then any demand can be met. So the risk that consumers will desert drops to zero. On the other hand, investing more in inventory will block the money unnecessarily and investments will increase. In short, after analysing the pros and cons of both the situations the decision about the adequate quantity of stock should be taken. 3. Warehousing: Often it is noticed that it takes sometime between purchasing/manufacturing and selling. For this time period material has to be kept in stock. Under warehousing activity the following decisions regarding the inventory of material are taken: i. Which is a better option? (To own or to rent a warehouse) ii. Which is the right location for a warehouse? (Nearer the factory or nearer the market). iii. Which decision is more appropriate? (To locate the warehouse at one place or at different places) - by taking warehousing facility at different places, the advantage of meeting the demand of material expeditiously is gained.Here the thing to be kept in mind is that warehousing requires investment. So after analysing its advantages and usefulness desirable decision should be taken. 4. Order Processing: Order Processing means the process which is followed to fulfil the material order of the customer. Different steps of an order processing are as follows: i. Orders placed by consumers to salesperson. ii. Transmission of order by salesperson to the company. iii. Entry of order in the Company Office. iv. Evaluating the reputation of the customer. v. Checking inventory and preparing schedule. vi. Shipment of material in accordance to the order. vii. Receiving Payment. |
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| 237. |
As a project work in Business Studies, the Commerce students of Himachal Public School, Himachal Pradesh thought of preparing apple jam from the apples grown in their school premises and sell it in the school annual fete. They approached the Principal who not only appreciated the students but also gave her consent for the same. The school decided to donate 50% of the revenue generated from the sale to a nearby orphanage. After the school fete, the school also decided to extend this project by providing employment to visually challenged and disadvantaged sections of society on regular basis I) Product-related decisions which the students had to take to identify product in the market: A) Branding B) labelling C) packaging D) None of these2) Label of jam should be: a) Brand label b) Grade label c) Descriptive label d) None of the above |
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Answer» Correct option is 1 A) Branding 2 c) Descriptive label |
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| 238. |
What is the basis of classification of the market used by the company? |
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Answer» SEC Socio-Economic Class, usage and lifestyle. |
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| 239. |
Name any one element of marketing mix. |
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Answer» Product mix. |
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| 240. |
What do you mean by realignment of product portfolio? Illustrate this from the case above. |
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Answer» It means that whatever product Nokia is planning to develop now, it will be according to the needs of the consumers. The four different handsets are Live, Connect, Achieve and Explore, being planned keeping the needs of four different types of users. |
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| 241. |
Identify the points that can be highlighted in marketing campaigns for each segment. |
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Answer» The points that can be highlighted in marketing campaigns for each segment can be
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| 242. |
Sugandha purchased a pack of crayons for her daughter from a nearby stationery shop. She noticed that the crayons were packed in a portable transparent plastic bag. Identify the level of packaging being described in the above lines.(a) Primary package (b) Secondary packaging (c) Transportation packaging (d) None of the above |
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Answer» Correct option is (a) Primary package |
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| 243. |
As marketing manager of a big hotel located at an important tourist destination, what societal concerns would be faced by you and what steps would you plan to take care of these concerns? Discuss. |
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Answer» The societal marketing concept holds that the task of any organization is to identify the needs and wants of the target market and deliver the desired satisfaction in an effective and efficient manner so that the long term well-being of the consumers and the society is taken care of. In case any business activity encourages pollution, deforestation, storage of resources, population explosion, then its benefits cannot be justified. As marketing manager of a big hotel located at an important tourist destination, certain care needs to be taken regarding environment.
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| 244. |
'Hayaram' is a famous chain selling a large variety of products in the Indian market. Their products include chips, biscuits, sweets and squashes. It charges a comparatively higher price than its competitors as it sells quality products. Besides, it offers regular discounts to its customers and easy credit terms to its retailers. It has five of its own retail shops. It also sells its products through various grocery stores so that the products are made available to the customers at the right place, in the right quantity and at the right time. It regularly uses different communication tools to increase its sales. The above para describes the combination of variables used by Hayaram to prepare its market offering. Identify and explain the variables. |
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Answer» The variables that are discussed in the question are as follows: (i) Product: Product refers to anything of value that is offered to the market for sale. Product mix deals with all decisions related to product such as decisions related to features, quality, size and brand, packaging, labelling of the product. The concept of product also include the extended product or what is offered to the customers by way of after sale services, handling complaints, availability of spare parts etc. "Their products include chips, biscuits, sweets and squashes". (ii) Price: Price is the amount of money, which the customers have to pay to the seller in lieu of the product or service provided. Price mix refers to important decision relating to the price charged for a product, service or idea like objectives of price setting, factors, discount policy, credit terms, etc. "It charges a comparatively higher price than its competitors...". OR "It offers regular discounts to its customers and easy credit terms to its retailers." (iii) Place/Physical Distribution: Place or physical distribution mix includes activities that are involved in transferring the ownership to customers and to make the product available at the right place at the right time. It involves decision regarding modes of transportation, channels of distribution and inventory maintenance. "It has five of its own retail ships". OR "It also sells its products through various grocery stores" (iv) Promotion: This element deals with informing and persuading the customers regarding the products. Promotion mix refers to the decisions relating to persuading customers to buy the product. Advertising, personal selling, sales promotion and public relation are different tools of promotion. "It regularly uses different communication tools to increase its sales." |
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| 245. |
Identify the related function of labelling being depicted below as given on the pack of the chips.(a) Describes the product and specifies its content (b) Grading of products (c) Helps in promotion of the products (d) Identification of the product or brand |
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Answer» Correct option is (c) Helps in promotion of the products |
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| 246. |
Matching based questionsStatementMarketing mix1.Combination of tangible and intangible attributes of productsA) Place mux2.It is related to deciding about pricing of productB) promotion mix3.It is related to providing information and persuading customerC) price mix.4.Providing product to customer at the right time, at the right quantity and at the right placeD) product mix. |
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Product mix is combination of tangible and intangible attributes of products Price mix is related to deciding about pricing of product. Place mix refers to provide products to customers at the right time, at the right place at the right quantity. Promotion mix refers to provide information to customers about product |
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| 247. |
In today’s world, through social media, news spread in a flash. Moreover, if it is bad news, it acquires a speed that is virtually impossible to stop. Hence, all corporates are more susceptible to a tarnished image today than in any other day and age. The loss of goodwill may lead to decreased revenue, loss of clients or suppliers and fall in market share. Over the years, therefore, most of the companies have set up a separate department to manage the public opinions about them. The department works in close coordination with the various interest groups like consumers, government, suppliers etc. and strives to handle effectively if any controversies arise. In the context of above case:I) Identify the element of promotion mix being referred to in the above lines. a) Advertisingb) Publicity c) Personal selling d) Public relations 2) Which department is formed for this promotional tool? a) Marketing department b) Finance department c) Human resource department d) Public relations department. |
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Answer» Correct option is 1 d) Public relations 2 d) Public relations department. |
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| 248. |
What does the place component of the promotion mix refer to? |
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Answer» Place or placement refers to the decision as to where to place the product so that the product can be accessed by potential buyers. |
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| 249. |
What is the main function of promotion? |
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Answer» To provide information regarding new product to the existing and the potential consumers, attract them and create demand for the product. |
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| 250. |
The manager of Impact Enterprise, dealing in cosmetics, is facing a problem of poor sales. Suggest four promotional measures that he can undertake to improve the sales. Also, name the factors which are affecting their choice. |
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Answer» Following promotional measures can be used to improve the sales: (a) Advertising (b) Sales promotion (c) Personal selling (d) Publicity. Factors which are affecting the choice of the promotional tools: (a) Nature of the market (b) Nature of the product (c) Promotion's budget (d) Objective of the promotion |
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