Tag: commercial applications

Questions Related to commercial applications

After defining the problem, the next step in relation to a market assessment is to _________.

commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. obtaining data specific to the problem

  2. analyzing the situation

  3. data analysis and Interpretation

  4. fostering ideas and problem solving

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Correct Option: B

Due to the demand of _______ goods, the demand exceeded the supply during the early days of industrial revolution.

commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. homemade

  2. conventional

  3. daily

  4. industrial

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Correct Option: D
Explanation:

The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools, industrial goods and factory system.

Producing on a large scale reduces the _________ of the product.

commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. Average cost

  2. Average price

  3. Average profit

  4. Average time

Show answer
Correct Option: A
Explanation:

The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system. Due to the use of machine, large number of goods could be produced in a very short period of time. Vast number of goods were produced in a smaller period of time due to which the average cost of production reduced. This increased the profitability of the products and company earned good revenue.

Greater emphasis was placed on _______ the product.

commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. Increasing

  2. Decreasing

  3. Sustaining

  4. Improving

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Correct Option: D
Explanation:

With the help of industrial revolution, the production became much easier and cheaper. To attract the consumer's to buy the company's product in competition to the rivals, the company had to improve the quality and features of the product.

______ could be maximized by producing at large scale. 

commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. Sales

  2. Value

  3. Profits

  4. Equity

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Correct Option: C
Explanation:

The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system. Due to the use of machine, large number of goods could be produced in a very short period of time. This increased the profitability of the products and company earned good revenue.

Industrial revolution brought in the changes in ______ system.

commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. Distribution

  2. Selling

  3. Packaging

  4. Production

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Correct Option: D
Explanation:

The industrial revolution was the transition to new manufacturing process. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system. More and more companies started undertaking new production method after looking at the benefits offered by industrial revolution.

During the early days of the ___________, the demand for industrial goods started picking up.

commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. Industrial revolution

  2. Modern revolution

  3. Technological revolution

  4. Revolution

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Correct Option: A
Explanation:

The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system.

The focus of business activities during industrial revolution was the ________.

commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. Expanding business.

  2. Profit maximization

  3. Production of goods

  4. Selling of goods

Show answer
Correct Option: C
Explanation:

The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system. Due to the use of machine, large number of goods could be produced in a very short period of time. This increased the profitability of the products and company earned good revenue.

Full satisfaction of demand is a part of _________.

commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. general functions selling

  2. general functions marketing

  3. general functions selling of financial planning

  4. none of the above

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Correct Option: B

Which of the following is not an administrative function?

commercial applications functioning of commercial organisation definition and functions of production department production or works department ideologies/concepts/views of marketing management

  1. Administration of the department's human resource functions.

  2. Methods to create more effective plans.

  3. Conducting Board Meetings as required under Companies Act.

  4. None

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Correct Option: C