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CBSE Questions for Class 10 Elements Of Business Sellling And Distribution Quiz 3 - MCQExams.com
CBSE
Class 10 Elements Of Business
Sellling And Distribution
Quiz 3
_______ is a growing and cost effective solution that more and more companies use.
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Telemarketing
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Telesales
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Internet Marketing
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Retailing
The first activity of Purchasing cycle is _______.
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communicating requirement to the purchase
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source Selection and development
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recognizing the need for procurement
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inspection of goods
______ is the process of recording details of stock movements and balances in terms of financial value.
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Book-keeping
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Financial accounting
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Stores accounting
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Management accounting
Production related procurement refers to the purchasing of _____.
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Office supplies
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Furniture
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Raw materials
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Information systems
Purchase budget is prepared with the help of ______ department.
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production planning
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marketing
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finance
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administration
Issue and Dispatch is the process of _____.
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receiving demands
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selecting the items required
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dispatching the products to customers
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all of the above
The purchase order form is designed by _______.
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Materials Manager
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Purchase Manager
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Marketing Manager
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None of them
Which of the following statements is not true with regard to the concept of product?
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It is a source of satisfaction.
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It is confined to physical product.
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It is a bundle of utility.
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All of the above.
Explanation
Product means goods or services or anything of value, which is offered to the market for sale. The concept of product relates to not only the physical product but also the benefits offered by it from customers view point, for example, toothpaste is bought for whitening
teeth, strengthening gums, etc.
The objective(s) of forward purchasing is / are _______.
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To guard against interruption in supply
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To economize the use of storage space
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To guard against the future rise in price
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All of these
According to the modern marketing concept, which of the following statements is true?
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It refers to the set of actual and potential buyers for a product.
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It refers to the group of people who do not have the ability but willingness to buy a particular product.
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It refers to only the set of people who have the purchasing power to buy a particular product.
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It refers only to the people who show interest in a particular product.
Explanation
In the modern marketing sense, the term market has a broader meaning. It refers to a set of actual and potential buyers of a product or service. For example, when a fashion designer designs a new dress and offers it for exchange, all the people who are willing to buy and offer some value for it can be stated to be the market for that dress. Similarly, market for fans or bicycles or electric bulbs or shampoos refers to
all the actual and potential buyers for these products.
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