Tag: business studies

Questions Related to business studies

Which among the following is a competitive advantage that a firm gains through R&D?

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. It is not suitable for small firms.

  2. Increase in man-hours spent.

  3. An idea that rivals cannot be easily replicated.

  4. It is fruitful only in the long run.

Show answer
Correct Option: C
Explanation:

Firms invest in R&D because they want to grow by developing new products. It's hard for a company to remain competitive if it does not stay ahead of the technology curve.The RQ can tell firms (and investors) the increase in revenue and market value they can expect from an increase in R&D spending.

Which of the following can be seen as a part of commercial firm's intellectual property?

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. Scientists employed by an Atomic Research Centre.

  2. Technology breakthrough at a state funded university.

  3. Expenditure on R&D.

  4. A Brand name.

Show answer
Correct Option: D
Explanation:

Brands today are generally recognized as a key asset for creating value for a business. Any “enterprise”, in the wide sense of that term, be it for-profit, not-for-profit, small, medium-sized or large, even a country or geographical region, can develop a brand image. The potential commercial value of a brand cannot be underestimated. The brand is the central nexus of communication between an enterprise and its consumers.

Process innovation refers to __________.

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. The development of a new office

  2. The development of a new advertisement

  3. The implementation of a new tool or improved machinery

  4. The development of new products or services

Show answer
Correct Option: C
Explanation:

Process innovation means the implementation of a new or significantly improved production or delivery method (including significant changes in techniques, equipment and/or software.

Process innovation is a new or significantly improved way of doing things in a business that typically increases production levels and decreases costs.Delivery: Delivery process innovations involve tools, techniques, and software solutions to help in supply chain and delivery systems.

Identify the best example of innovator among the following.

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. A retail book shop

  2. Textile shop

  3. Smartphone manufacturer

  4. Mining company

Show answer
Correct Option: C
Explanation:

The mobile phone industry is a very innovative segment within the ICT sector and the smartphone is becoming the standard configuration among the different types of mobile devices. Technical change and new product proliferation have made this industry extremely dynamic, even if market shares are highly concentrated in companies. 

Innovation can be best defined as _______________.

joint ventures private, public and global enterprises public sector, private sector and global enterprises organisation of commerce and management business studies

  1. Commercialization of a new product or process

  2. Invention of a new product or process

  3. An idea of a new product or a process

  4. Implementation of a new production method

Show answer
Correct Option: A
Explanation:

The process of translating an idea or invention into a good or service that creates value or for which customers will pay. 

In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers.
Innovation generally refers to changing processes or creating more effective processes, products and ideas. For businesses, this could mean implementing new ideas, creating dynamic products or improving your existing services. Innovation can increase the likelihood of your business succeeding.

Rajasthan has diversification economy ?

business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

Rajasthan ia a mineral - rich state and has a diversification economy having agriculture, mining and tourism as its main engines of growth.

Metro Rail is in Rajasthan has started operating in Kota.

business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

  1. True

  2. False

Show answer
Correct Option: B
Explanation:

Metro rail is Rajasthan has started operating in Jaipur.

Rajasthan economy is basically agriculture and village based ?

business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

Rajasthan is economy is basically agriculture and village based it is also famous for the ample reserves of the marble, copper, zinc and slat deposits.

Rajasthan economy is based on _______________.

business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

  1. Manufacturing

  2. Services Industry

  3. Agriculture and village based Industry

  4. None of these

Show answer
Correct Option: C
Explanation:

Rajasthan's economy is based on Agriculture and village based Industry.

Which of the following Indian states has the maximum reserves of Gypsum?

business studies tourism development in rajasthan tourism and transportation transportation in rajasthan tour and travel management

  1. Himachal Pradesh

  2. Jammu and Kashmir

  3. Rajasthan

  4. Tamil Nadu

Show answer
Correct Option: C