Define market segmentation.
Market segmentation is the process of dividing a broad target market into smaller, more defined groups of consumers who share similar characteristics, needs, or behaviors. This enables businesses to tailor their marketing strategies and products to meet the specific preferences of each segment, leading to more effective marketing efforts.
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 information is generally placed on the package of a food product? Design a label for one of the food products of your choice.
What are industrial products? How are they different from consumer products? Explain.
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?
Discuss the differences between the contributions of Taylor and Fayol.
Explain the term ‘Trading on Equity’.
Name any two Specific forces of business environment affecting business.
Identify and state the force that binds all the other functions of management.
Financial management is based on three broad financial decisions. What are these?
What is the role of the Central Consumer Protection Authority (CCPA)?
Do you think management has the characteristics of a full-fledged profession?
The quality of production is not as per standards. On investigation it was observed that most of the workers were not fully aware of the proper operation of the machinery. What could be the way to improve the quality of production to meet the standards? (training)
Why is it that organisations are not always able to accomplish all their objectives?
What is meant by 'Scalar Chain'?