Explain the term 'product life cycle.'
The product life cycle (PLC) refers to the stages a product goes through from its introduction to the market until its eventual decline. The stages include:
What are the factors affecting determination of the price of a product or service? Explain.
A marketer of colour TV having 20% of the current market share of the country aims at enhancing the market share to 50 per cent in next three years. For achieving this objective he specified an action programme. Name the function of marketing being discussed above. (Ans. Marketing planning.)
What is marketing mix? What are its main elements? Explain.
For buyers of consumer durable products, what ‘customer care services’ would you plan as a manager of a firm marketing new brand of motorcycle. Discuss.
How does branding help in differential pricing?
Distinguish between convenience product and shopping product.
Discuss the role of intermediaries in the distribution of consumer non-durable products.
What are industrial products? How are they different from consumer products? Explain.
What information is generally placed on the package of a food product? Design a label for one of the food products of your choice.
Product is a bundle of utilities. Explain.
How does planning provide direction?
What is meant by staffing?
Identify the network of social relationships which arises spontaneously due to interaction at work.
What is informal communication?
State the meaning of controlling.
What is meant by capital structure?v
What is meant by management?
What is a Treasury Bill?
What makes principles of management flexible?
Under which consumer right does a business firm set up consumer grievance cell?
How would you argue that the success of a business enterprise is significantly influenced by its environment?
Why is the working capital management important, and what factors affect it?
What is the relevance of Fayol’s Principles in Modern Organizations?
Compare and contrast the principles of management by Fayol and Taylor.
How do capital budgeting decisions impact a company’s financial future?
What are the procedures and importance of trading on a stock exchange?
What is the role of the Central Consumer Protection Authority (CCPA)?
Explain the structure and components of the Capital Market.
Examine the relevance of Taylor’s scientific management principles in the service sector.
What are the barriers to effective delegation? Discuss ways to overcome these barriers.