Marketing - Study Mode
[#106] At least how many parties should be included in “Exchange”?
Correct Answer
(A) Two
Explanation
Solution: At least Two parties should be included in “Exchange”. An exchange process is simply when an individual or an organisation decides to satisfy a need or want by offering some money or goods or services in exchange.
[#107] The buyer decision process consists of five stages. Which of the following is NOT one of these stages?
Correct Answer
(C) Variety-seeking buying behavior
Explanation
Solution: Variety-seeking buying behavior is NOT one of these stages. There are 5 steps in a consumer decision making process a need or a want is recognized, search process, comparison, product or service selection, and evaluation of decision.
[#108] You are planning to install a steel manufacturing plant in your city. For that purpose you want to have a supplier who supplies you the steel in raw form for manufacturing. Here supplier supplies you which of the following form of industrial product?
Correct Answer
(A) Material and parts
Explanation
Solution: Here material and parts are the form of industrial product.
[#109] Channels of distribution also known as
Correct Answer
(A) Trade Channel
[#110] Which of the following is the selling of goods and services produced in one country to another?
Correct Answer
(C) Exporting