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Question : Case Study:

XYZ Electronics invests in building a strong brand for their products, leading to increased customer loyalty and higher perceived value. Which advantage of branding is demonstrated in this case?

 

Option 1: Increased Production Efficiency

Option 2: Enhanced Consumer Trust

Option 3: Lower Product Costs

Option 4: Reduced Marketing Expenses

Team Careers360 24th Jan, 2024

Correct Answer: Enhanced Consumer Trust


Solution : The correct answer is (b) Enhanced Consumer Trust. 

By investing in building a strong brand for their products, XYZ Electronics has created a positive image and reputation in the minds of consumers. This leads to enhanced consumer trust, as consumers are more likely

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Question : Statement 1: Marketing concept is customer-oriented and aims to satisfy customer needs.

Statement 2: Production concept focuses on minimizing production costs and maximizing profits.

Option 1: Both statements are correct.

Option 2: Statement 1 is correct, and statement 2 is false.

Option 3: Both statements are incorrect.

Option 4: Statement 2 is correct, and statement 1 is incorrect.

Team Careers360 20th Jan, 2024

Correct Answer: Both statements are correct.


Solution : The correct answer is (a) Both statements are correct.

Statement 1 is correct. The marketing concept is indeed customer-oriented and aims to satisfy customer needs. It involves understanding customer needs and wants and then developing strategies to meet those needs through the

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Question : Case Study 19:

EFG Manufacturing is a company that produces consumer goods. The management team at EFG wants to implement a robust control system to improve productivity and optimize resource utilization.

Question:

How can EFG Manufacturing benefit from an effective control system?

 

Option 1: By increasing employee turnover.

Option 2: By raising production costs.

Option 3: By optimizing resource utilization.

Option 4: By reducing market competition.

Team Careers360 24th Jan, 2024

Correct Answer: By optimizing resource utilization.


Solution : The correct answer is (c) By optimizing resource utilization.

EFG Manufacturing can benefit from an effective control system by optimizing resource utilization. A well-implemented control system helps the company identify inefficiencies, reduce waste, and improve the allocation of resources. This can lead

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Question : Case Study:

XYZ Corp. emphasizes understanding customer needs and designing products that satisfy those needs. They believe in continuous product improvement and customer-oriented marketing. This philosophy is aligned with:

 

Option 1: Societal Marketing Concept

Option 2: Selling Concept

Option 3: Product Concept

Option 4: Production Concept

Team Careers360 20th Jan, 2024

Correct Answer: Product Concept


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

The Product Concept is a marketing philosophy that centers on creating high-quality products that meet or exceed customer expectations. It involves understanding customer needs and preferences and designing products that address those needs effectively. Additionally, the Product

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Question : Statement 1: Marketing concept aims to achieve customer satisfaction and long-term profitability.

Statement 2: Production concept prioritizes understanding customer preferences and needs.

Option 1: Both statements are correct.

Option 2: Statement 1 is correct, and statement 2 is false.

Option 3: Both statements are incorrect.

Option 4: Statement 2 is correct, and statement 1 is incorrect.

Team Careers360 20th Jan, 2024

Correct Answer: Statement 1 is correct, and statement 2 is false.


Solution : The correct answer is (b) Statement 1 is correct, and statement 2 is false.

Statement 1 is correct. The marketing concept does aim to achieve customer satisfaction and long-term profitability. It involves understanding and meeting customer needs

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Question : Comprehension:
Read the given passage and answer the questions that follow.
With an impressive growth in yields, Telangana now claims to be transforming into the rice bowl of India. The Food Corporation of India (FCl) has procured 52 lakh tonnes of paddy from Telangana alone, which is more than half of the national target of 91 lakh tonnes. The state's harvests have nearly doubled in a year. Paddy production is up 93%, maize 95%, and cotton 74%, according to the Telangana Planning Department.

The state is also making its mark as a producer of paddy seed. "About 85% of our village's paddy is of a fine variety that farmers in MP, Haryana, Bengal, and Bihar use as seed," said a farmer in Anksapur Village in Nizamabad district. The seed crop sells at a premium over the state's minimum support price for paddy.

Question:
Telangana's contribution to the national stock of paddy is:

Option 1: one-third of the country's procurement target

Option 2: more than half of the country's paddy procurement

Option 3: less than half of the nation's rice procurement

Option 4: half of the nation's procurement target

Team Careers360 24th Jan, 2024

Correct Answer: more than half of the country's paddy procurement


Solution : The correct option is the second option.

Explanation:
Telangana's contribution to the national stock of paddy is stated in the passage as "The Food Corporation of India (FCI) has procured 52 lakh tonnes of paddy from Telangana alone,

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Question : Case Study:

A company believes that products should be widely available and affordable to attract customers. They prioritize production efficiency and distribution effectiveness. This philosophy reflects the:

 

Option 1: Marketing Concept

Option 2: Societal Marketing Concept

Option 3: Production Concept

Option 4: Product Concept

Team Careers360 22nd Jan, 2024

Correct Answer: Production Concept


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

The Production Concept is a marketing philosophy that emphasizes producing high-quality products at the lowest possible cost and making them widely available to customers. The primary focus is on production efficiency, streamlining operations, and reducing production costs

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