Correct Answer: Wheat

Solution : The correct answer is (a) Wheat

The Green Revolution was a major agricultural initiative implemented in India in the 1960s and 1970s. It aimed to increase agricultural productivity and food production to meet the growing needs of the population. The focus was primarily on the cultivation of high-yielding varieties of crops, and among these crops, wheat was given significant attention.

The introduction of high-yielding wheat varieties, along with the use of modern farming techniques and inputs such as irrigation, fertilizers, and pesticides, led to a substantial increase in wheat production in India. This played a crucial role in achieving food self-sufficiency and addressing food shortages in the country.

While the Green Revolution also had an impact on the production of other crops such as rice and pulses, wheat was the primary crop that received significant emphasis and yielded remarkable results in terms of increased production and productivity.

Correct Answer: Marketing Concept

Solution : The correct answer is (c) Marketing Concept

The marketing concept is centered around understanding and meeting customer needs and preferences, delivering superior value, and prioritizing customer satisfaction and long-term relationships. XYZ Retail's focus on building strong relationships with customers and emphasizing customer satisfaction and long-term loyalty aligns with the principles of the marketing concept.

Correct Answer: Selling Concept

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

The Selling Concept is a marketing philosophy that emphasizes aggressive sales techniques and promotional efforts to convince customers to buy a company's products or services. The belief underlying this concept is that customers typically won't buy enough on their own, so a company must use various selling and promotional tactics to stimulate demand and close sales. It's a more product-focused approach, and the primary goal is to sell what the company produces rather than understanding and meeting customer needs, which is a central focus of the Marketing Concept.

Correct Answer: Achieving long-term innovation goals

Solution : The correct answer is (c) Achieving long-term innovation goals

Financial planning in the context of innovation and research involves strategic allocation of financial resources to support long-term innovation goals. This includes funding research projects, developing new products, exploring new technologies, and investing in activities that will position the company for future growth and competitiveness. The focus is on achieving sustained innovation and long-term success rather than short-term profit maximization, minimizing production costs, or meeting immediate operational expenses, although these factors are also considered within the broader financial planning strategy.

Correct Answer: EOS-07

Solution : The correct choice is the first option.

In the passage, the sequence of events is mentioned regarding the satellite ejection. It states, "About 13 minutes into its flight, the SSLV rocket ejected EOS-07, and soon after that, the other two satellites, Janus-1 and AzaadiSAT-2, were ejected." This indicates that EOS-07 was injected into orbit first.

Correct Answer: Total revenue

Solution : The correct answer is (c) Total revenue.

A marketing metric is a quantifiable measure used to assess the performance, effectiveness, and impact of marketing activities. It provides specific data or

numerical information that helps evaluate marketing outcomes and make data-driven decisions.

Among the options provided, total revenue is an example of a marketing metric. It measures the total amount of money generated from sales of products or services within a specific time period. Total revenue is a key metric that reflects the overall financial performance and success of marketing efforts, indicating the effectiveness of pricing, promotion, and sales strategies.

Correct Answer: Marketing Concept

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

The Marketing Concept is a customer-centric approach that centers on understanding and fulfilling customer needs and wants effectively. It involves delivering superior value to customers to achieve customer satisfaction and build strong, long-term customer relationships. The ultimate goal is to meet customer needs and achieve business objectives by creating value and satisfying customers through a customer-oriented approach. This philosophy emphasizes understanding customers and delivering value to them as the key to success.

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 to trust and be loyal to a brand they recognize and perceive as valuable. A strong brand also signifies consistent quality and reliability, further contributing to consumer trust and loyalty. Increased production efficiency, lower product costs, and reduced marketing expenses are potential benefits of effective branding but are not explicitly demonstrated in this case.

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 design, production, and promotion of products or services.

Statement 2 is also correct. The production concept does indeed focus on minimizing production costs and maximizing profits. This concept emphasizes efficiency in production processes to lower production costs and increase output, ultimately leading to higher profitability.

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 to cost savings, increased productivity, and better overall performance, contributing to the company's success and competitiveness. The other options, such as increasing employee turnover, raising production costs, and reducing market competition, are not typically outcomes of effective control systems; in fact, an effective control system aims to mitigate such negative impacts.