COMMERCIAL APPLICATIONS 10 (UNIT 1)

Market is only used to refer to a place buyers and sellers meet to buy and sell goods

• True

• False

The service rendered by a doctor is an example of ____________ product.

• Tangible

• Free

• Intangible

• Valuable

In which type of market a broad range of high mark up and fast moving branded goods are sold at discount prices.

• Primary market

• In- House market

• Catalogue Market

• Mail Order Market.

It is believed that supply creates its own demand. Identify the stage of marketing.

• Product Oriented stage

• Marketing Oriented stage

• Sales Oriented stage

• Production Oriented stage

Select all the applicable features of Service from the given options.

• Perishability

• Variabilty

• Associated Attributes

• Intangibility

A product can be measured and controlled whereas Services cannot be measured and controlled. Identify the basis of distinction.

• Tangibility

• Quality

• Risk

• Inventory

The person who gives a written cheque and orders the bank to provide the needed money to a specific person is known as a ___________.

• Drawer

• Drawee

• Payee

What is likely to happen when the rate of interest of loan increases?

• Consumer spending increases

• consumers are discouraged to take less credit

• people hold more cash

• savers earns low interest

A central bank usually performs which combination of the following functions...(select 2)

• It issue notes and coins for the nations currency and is where the king or queen holds their money

• It prints money for the banks to store until people withdraw it and issues the notes and coins

• It manages the nation's gold reserves and manages payments to and from the government

• It issue notes and coins for the nations currency and is the lender of last resort to the banking system

Central bank is been given monopoly of note- issue in order to maintain____________