The most common form of organizing the marketing department is based on
| A. | Customer |
| B. | Functions |
| C. | Geography |
| D. | Product |
|
Option: C Explanation : Click on Discuss to view users comments. |
A decrease in supply will have the greatest effect on price, when the product's demand is
| A. | Elastic |
| B. | Inelastic |
| C. | Perfectly elastic |
| D. | Unitary elastic |
|
Option: C Explanation : Click on Discuss to view users comments. |
The following statements are related to patents. Using code indicate the statements that are not correct :
Statement I : Patent is aimed to encourage economic and technological development.
Statement II : Patent can be protected only for a limited period.
Statement III : The law of patent is international in its operation:
Statement IV : When the patent right expire, the technology becomes public property.
| A. | Statements II, III and IV are not correct. |
| B. | Statements II and IV are not correct. |
| C. | Statement III is not correct. |
| D. | Statement IV is not correct. |
|
Option: C Explanation : Click on Discuss to view users comments. |
Which of the following is not a misconception about entrepreneurship?
| A. | 'Successful entrepreneurship needs only a great idea.' |
| B. | 'Entrepreneurship is an easy task.' |
| C. | 'Entrepreneurship is found only in small business.' |
| D. | 'Entrepreneurial ventures and small business are two different things.' |
|
Option: D Explanation : Click on Discuss to view users comments. |
For a production firm, the pecuniary economies arise from which one of the following sources?
| A. | Large scale production |
| B. | Purchasing and market economies |
| C. | Indivisibility of factor inputs |
| D. | Learning economies of workers and managers |
|
Option: A Explanation : Click on Discuss to view users comments. |
