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 Business Awareness Questions

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Q:

Innovation allows producers to

A) follow restrictions that the government imposes B) offer warranties for all of their products
C) create goods that draw consumer attention D) avoid competing with similar businesses
 
Answer & Explanation Answer: C) create goods that draw consumer attention

Explanation:
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Q:

'Khazanah' is the state-owned investment holding arm of which country?

A) Singapore B) Japan
C) Mauritius D) Malaysia
 
Answer & Explanation Answer: D) Malaysia

Explanation:
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Q:

Sales promotions include all of the following except

A) Online Ads B) Coupons
C) Free Samples D) Rebates
 
Answer & Explanation Answer: A) Online Ads

Explanation:

Sales promotion uses both media and non-media marketing communications for a pre-determined, limited time to increase consumer demand, stimulate market demand or improve product availability.

 

Sales promotions include Coupons, Rebates, Free Samples, etc... Online Ads come under advertising form.

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Q:

What is the main motive behind dealer incentives?

A) encouraging the maximum number of sales of the manufacturers products B) to maintain a permanent deal
C) maintaining good dealer-manufacturer relationships D) ensuring that the customer gets the best possible deal
 
Answer & Explanation Answer: A) encouraging the maximum number of sales of the manufacturers products

Explanation:

The main motive behind dealer incentives is to give the products at some low price for the dealers who take the products in bulk and maintain good selling of these products.

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Q:

Final goods and services refer to

A) goods and services purchased by ultimate users, rather than for resale or further processing B) goods and services whose value has been adjusted for changes in the price level
C) the excess of U.S. exports over U.S. imports D) goods and services that are unsold and therefore added to inventories
 
Answer & Explanation Answer: A) goods and services purchased by ultimate users, rather than for resale or further processing

Explanation:

Final goods and services refer to goods and services that have been purchased for final use and that cannot be resaled.

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Q:

Smoke alarms are only necessary in the workplace.

A) TRUE B) FALSE
Answer & Explanation Answer: B) FALSE

Explanation:

Smoke alarms are also necessary in public places like banks, theaters, rest rooms, aeroplanes,...

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

4 2287
Q:

Other things equal an improvement in productivity will

A) shift the aggregate demand curve to the left B) shift the aggregate supply curve to the right
C) increase the equilibrium price level D) shift the aggregate supply curve to the left
 
Answer & Explanation Answer: B) shift the aggregate supply curve to the right

Explanation:
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Q:

An improvement in production technology will

A) shift the supply curve to the left B) shift the demand curve to the left
C) shift the supply curve to the right D) increase equilibrium price
 
Answer & Explanation Answer: C) shift the supply curve to the right

Explanation:

An improvement in production technology will shift the supply curve to the right.

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