Question : It ensures that goods belong to a particular quality and helps in realising higher prices for higher quality product. Which function of marketing is highlighted in the given statement?
Option 1: Packaging
Option 2: Labelling
Option 3: Standardization
Option 4: Grading
Correct Answer: Grading
Solution : Grading ensures that goods belong to a particular quality and helps in obtaining higher price for higher quality product.
Hence, option D is correct.
Question : It ensures the buyers that goods conform to the predetermined standards of quality, price and packaging. Which function of marketing is highlighted in the given statement?
Question : It refers to designing and developing the package for the products. Which function of marketing is highlighted in the given statement?
Question : It refers to designing and developing the label to be put on the package. Which function of marketing is highlighted in the given statement?
Question : It is important for the protection of the product but it also serve as a promotional tool. Which function of marketing is highlighted in the given statement?
Question : It reduces the need for inspection testing and evaluation of the product. Which function of marketing is highlighted in the given statement?
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