Which of the following is not a principle of management according to Henri Fayol?
| A. | Subordination of individual interest over the organisational interest |
| B. | Esprit de crops |
| C. | Unity of Managers |
| D. | Unity of Direction |
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Option: C Explanation : Click on Discuss to view users comments. |
It is generally easy to measure the performance of the
| A. | Industrial Relations Manger |
| B. | Research and Development Manager |
| C. | Sales person |
| D. | All of the above |
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Option: C Explanation : Click on Discuss to view users comments. |
The selling concept is most likely to be used by firms which sell
| A. | Convenience goods |
| B. | Shopping goods |
| C. | Speciality goods |
| D. | Unsought goods |
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Option: D Explanation : Click on Discuss to view users comments. |
Price, Marginal Revenue and Elasticity are related to each other.
When e = 1, then :
| A. | MR > 0 |
| B. | MR < 0 |
| C. | MR = 0 |
| D. | MR = 1 |
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Option: C Explanation : Click on Discuss to view users comments. |
