A. The method used to communicate a message (text, talking, writing, etc) Channel
B. Colloquialism
C. Communication
D. correspondence
✅ The correct answer is option A.
795. ________ pricing is the approach of setting a low initial price in order to attract a large number of buyers quickly and win a large market share.
A. Market-skimming
B. Value-based
C. Market-penetration
D. Leader
✅ The correct answer is option C.
Market-penetration pricing is the approach of setting a low initial price in order to attract a large number of buyers quickly and win a large market share. Market penetration pricing is a pricing strategy that sets a low initial price for a product. The goal is to quickly attract new customers based on the low cost. The strategy is most effective for increasing market share and sales volume while discouraging competition.
Market-penetration pricing is the approach of setting a low initial price in order to attract a large number of buyers quickly and win a large market share. Market penetration pricing is a pricing strategy that sets a low initial price for a product. The goal is to quickly attract new customers based on the low cost. The strategy is most effective for increasing market share and sales volume while discouraging competition.
62. When an interviewer asks the questions to the candidate according to the response received from him and the questions asked are not pre-determined in such an interview, it is called
A. Unprepared type of interview
B. Unstructured interview
C. Unconditional interview
D. None of the above
✅ The correct answer is option B.
In an unstructured interview, the interviewer does not have a strict agenda but rather allows the applicant to set the pace of the interview and asks the questions to the candidate according to the response received from him
In an unstructured interview, the interviewer does not have a strict agenda but rather allows the applicant to set the pace of the interview and asks the questions to the candidate according to the response received from him
789. A desire to achieve a particular goal with pursuit of that goal is called
A. motivation
B. goal congruence
C. effort
D. autonomy
✅ The correct answer is option A.
A desire to achieve a particular goal with pursuit of that goal is called motivation. Motivation in management is the process through which managers encourage employees to be productive and effective.
A desire to achieve a particular goal with pursuit of that goal is called motivation. Motivation in management is the process through which managers encourage employees to be productive and effective.
61. The number of people hired for a particular job compared to the number of individuals in the applicant pool is often expressed as
A. Application ratio
B. Recruitment ratio
C. Selection ratio
D. Employment ratio
✅ The correct answer is option C.
The number of people hired for a particular job compared to the number of individuals in the applicant pool is often expressed as Selection ratio. Selection ratio is a concept used in human resources to make choices about hiring people.
The number of people hired for a particular job compared to the number of individuals in the applicant pool is often expressed as Selection ratio. Selection ratio is a concept used in human resources to make choices about hiring people.
783. Which of these is not a role for a planner as discussed by Robinson (1986)
A. To help managers make decisions regarding strategic changes
B. To enable good managers to plan
C. To state objectives
D. To concentrate on understanding the future
✅ The correct answer is option C.
To state objectives is not a role for a planner as discussed by Robinson (1986).
To state objectives is not a role for a planner as discussed by Robinson (1986).
60. The process of grouping of similar types of works together is known as
A. Job classification
B. Job design
C. Job evaluation
D. Job description
✅ The correct answer is option A.
The process of grouping of similar types of works together is known as Job classification. The job classification takes into account the knowledge, skills and abilities that the employees need for performing the job. The job classification enables to accurately define the job descriptionand helps the organization in its recruitment and performance management process.
The process of grouping of similar types of works together is known as Job classification. The job classification takes into account the knowledge, skills and abilities that the employees need for performing the job. The job classification enables to accurately define the job descriptionand helps the organization in its recruitment and performance management process.
777. An organization’s strategies should be designed so that they incorporate:
A. opportunities and threats
B. resources and capabilities
C. only traditional values of past organizations
D. opportunities, threats, resources, and capabilities
✅ The correct answer is option B.
An organization’s strategies should be designed so that they incorporate resources and capabilities. An organizational strategy is the sum of the actions a company intends to take to achieve long-term goals. Together, these actions make up a company’s strategic plan. Strategic plans take at least a year to complete, requiring involvement from all company levels.
An organization’s strategies should be designed so that they incorporate resources and capabilities. An organizational strategy is the sum of the actions a company intends to take to achieve long-term goals. Together, these actions make up a company’s strategic plan. Strategic plans take at least a year to complete, requiring involvement from all company levels.
The abbreviations SDR stands for
A. Special Drawing Rights
B. Specific Drawing Rights
C. Special Depository Rules
D. Specific Depository Rules
✅ The correct answer is option A.
The abbreviations SDR stands for Special Drawing Rights. Special drawing rights (SDR) refer to an international type of monetary reserve currency created by the International Monetary Fund (IMF) in 1969 that operates as a supplement to the existing money reserves of member countries.
The abbreviations SDR stands for Special Drawing Rights. Special drawing rights (SDR) refer to an international type of monetary reserve currency created by the International Monetary Fund (IMF) in 1969 that operates as a supplement to the existing money reserves of member countries.
773. Pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as
A. product life cycle method
B. life cycle budgeting method
C. life cycle costing method
D. time and material method
✅ The correct answer is option D.
Pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as time and material method. The Pricing Methods are the ways in which the price of goods and services can be calculated by considering all the factors such as the product/service, competition, target audience, product’s life cycle, firm’s vision of expansion, etc. influencing the pricing strategy as a whole.
Pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as time and material method. The Pricing Methods are the ways in which the price of goods and services can be calculated by considering all the factors such as the product/service, competition, target audience, product’s life cycle, firm’s vision of expansion, etc. influencing the pricing strategy as a whole.