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1
Q:

Demand side market failures occur when

A) supply curves do not reflect the full cost of producing a good or services B) demand curves do not reflect consumer’s full willingness to pay for goods or services
C) government imposes tax on a good or a service D) a good or service is not produced because no one demands it

Answer:   B) demand curves do not reflect consumer’s full willingness to pay for goods or services



Explanation:

Market failure arises because it is not possible for the market to correctly weight cost and benefits in a situation in which some of the cost is completely unaccounted.

Demand-side market failures happen when demand curves do not reflect consumer’s full willingness to pay for goods or services.

Supply-side market failures occur when supply curves do not reflect the full cost of producing a good or services.

Subject: Marketing and Sales
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO
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The first step in the marketing research process is to

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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
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When backed by buying, power wants become

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Answer & Explanation Answer: A) demands

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When backed by buying, power wants become demands. 

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In contrast to investment, consumption is

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In contrast to investment, consumption is relatively stable.

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The systematic risk of the market is measured by

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Beta is the measurement of the systematic risk of the market.

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What does in transit to destination mean?

A) on the way for delivery B) delay in delivery
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The relationship between quantity supplied and price is

A) Directly proportional B) Inverselyproportional
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Price and quantity supplied move in the same direction. As the price decreases, quantity supplied also decreases and viceversa.

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A supply curve slopes upward because

A) an increase in price gives producers an incentive to supply a larger quantity. B) the quantity supplied of most goods and services increases over time.
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The supply curve slopes upward because for reflecting the higher price needed to cover the higher marginal cost of production. 

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In-transit to destination or out for delivery means

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When you give your item to the USPS for delivery, it accepts your item and starts the process of delivery. Transit is a part of the shipment delivery process. When we say that the package is in the transit or in transit to the destination, it means that the package is on the way to the delivery.

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