_________ strategies are also known as grand or root strategies

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A. Corporate
B. Business
C. Functional
D. Operational
✅ The correct answer is option A.
Corporate strategies are also known as grand or root strategies. A corporate strategy entails a clearly defined, long-term vision that organizations set, seeking to create corporate value and motivate the workforce to implement the proper actions to achieve customer satisfaction.

According to Ringbakk (1971) and Steiner (1972) which of the following should be avoided when creating a formal plan?

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A. Seeing planning as a support activity in strategic decision making
B. Seeing planning as a once-a-year ritual
C. Flexibility
D. Involving implementers in planning
✅ The correct answer is option B.
According to Ringbakk (1971) and Steiner (1972) Seeing planning as a once-a-year ritual should be avoided when creating a formal plan. In formal planning, the managers look forward for a change when it is to be made use of.

Companies selling mass consumer goods and services such as soft drinks, cosmetics, air travel, and athletic shoes and equipment spend a great deal of time trying to establish a superior brand image in markets called ________.

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A. Business markets
B. Global markets
C. Consumer markets
D. Non-profit and governmental markets
✅ The correct answer is option C.
Companies selling mass consumer goods and services such as soft drinks, cosmetics, air travel, and athletic shoes and equipment spend a great deal of time trying to establish a superior brand image in markets called Consumer markets. Consumer markets refers to the markets where people purchase products for consumption and are not meant for further sale. This market is dominated by the products which consumer use in their daily life.

General Agreement on Tariffs and Trade (GATT)

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A. is an accord reached between 100 countries in 1980
B. reduced some tariffs by 80 percent on average
C. removed some tariffs over a five- to ten-year period
D. made more progress on reducing tariffs in service industries than in manufacturing industries
✅ The correct answer is option C.
General Agreement on Tariffs and Trade (GATT) removed some tariffs over a five- to ten-year period. It was a free trade agreement between 23 countries that eliminated tariffs and increased international trade.

Price of treasury notes and treasury bonds without including accrued interest is classified as

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A. clean price
B. full price
C. dirty price
D. accrued price
✅ The correct answer is option A.
Price of treasury notes and treasury bonds without including accrued interest is classified as clean price. The clean price is the price of a coupon bond not including accrued interest payments.

Which of the following statement is True(T) or False(F) are given below. 1. A text book is read only for the pleasure of reading it. 2. Reading is an encoding process of communication. 3. The intention of reading a medical report is to gain information.

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A. TFT
B. TTT
C. FFF
D. FTF
✅ The correct answer is option D.
1. A text book is read not only for the pleasure of reading it but for gaining knowledge.
2. Reading is an encoding process of communication.
3. The intention of reading a medical report is to know about person’s medical condition.

The fact that a business traveller may have one very positive check-in experience at a hotel and then a very negative check-in experience with a different employee on a subsequent visit is evidence of service:

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A. Intangibility
B. Inseparability
C. Variability
D. Perishability
✅ The correct answer is option C.
The fact that a business traveller may have one very positive check-in experience at a hotel and then a very negative check-in experience with a different employee on a subsequent visit is evidence of service variability.

____ sub system deals with activities as purchasing, receiving inventory control and distribution

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A. Marketing
B. Purchase
C. Sales
D. Logistics
✅ The correct answer is option D.
Logistics sub system deals with activities as purchasing, receiving inventory control and distribution. This concept sometimes requires certain components of the organization to operate sub optimally in order to achieve maximum goals of the system.

Points to be kept in mind while writing apology letters. Which of the following statement is True(T) or False(F) are given below. 1. Take full responsibility of the problem caused 2. Be dramatic while apologizing

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A. TF
B. FT
C. FF
D. TT
✅ The correct answer is option A.
1. Take full responsibility of the problem caused

2. Dont be dramatic while apologizing