Check Your Performance
This Quiz for All Competitive Exam (PGT Teacher, PGT Commerce, UGC NET/JRF, UKSSSC, PSU Accountant)
Q1. Contract awarded to lowest bidder is known as
A. Negotiated contract
B. Open bid
C. Closed bid
D. Open contract
Q2. Carrying the line of only one manufacturer is known as
A. Exclusive assortment
B. Open bid
C. Negotiated contract
D. Deep assortment
Q3. “Image building” objectives are common in _______ type of market structure?
A. Competition
B. Oligopoly
C. Monopoly
D. Monopsony
Q4. When the market is run by a small number of firms that together control the majority of market share is known as
A. Oligopoly
B. Duopoly
C. Oligopsony
D. Perfect competition
Q5. The following is (are) the Tangible source(s)
A. Capital
B. Machines
C. Raw material
D. All of the above
Q6. The following is (are) the Intangible source(s)
A. Information
B. Time
C. Technology
D. All of the above
Q7. In marketing, ________ is the focal point.
A. Profit
B. Sales
C. Customer
D. All of the above
Q8. Reorder point tells
A. When to order
B. How much to order
C. When the order will reach
D. All of the above
Q9. The brand choice is heavily influenced by reference group in which stage of Product life cycle?
A. Introduction
B. Growth
C. Maturity
D. Decline
Q10. The major components of marketing mix are
A. Product
B. Price
C. Place
D. All of the above
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