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 Marketing and Sales Questions

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Q:

What is Sales Order (SO)?

Answer

The Sales Order is a confirmation document sent to the customers before delivering the goods or services. 


Sales Order (SO) can be created once the quote is accepted by your prospective customer and the Purchase Order (PO) is sent by the customer for further processing.

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Subject: Marketing and Sales Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank PO

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Q:

What does in transit to destination mean?

A) on the way for delivery B) delay in delivery
C) booking processed but not shipped D) None of the above
 
Answer & Explanation Answer: A) on the way for delivery

Explanation:
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Job Role: Analyst

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Q:

The relationship between quantity supplied and price is

A) Directly proportional B) Inverselyproportional
C) Can't be determined D) None of the above
 
Answer & Explanation Answer: A) Directly proportional

Explanation:

Price and quantity supplied move in the same direction. As the price decreases, quantity supplied also decreases and viceversa.

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Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

The first step in the marketing research process is to

A) Decide Research Approach B) Develop Research Plan
C) Define the Problem D) Collect Relevant Data and Information
 
Answer & Explanation Answer: C) Define the Problem

Explanation:

Marketing Research Process is a systematic method for planning and executing market research projects to inform business decisions.

 

The 5 Step Marketing Research Process :

 

  1. Define the Problem or Opportunity
  2. Develop Your Research Plan
  3. Collect Relevant Data and Information
  4. Analyze Data and Report Findings
  5. Take Action.
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