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Q:

The Government has decided not to provide financial support to voluntary organisations from next Five Year Plan and has communicated that all such organisations should raise funds to meet their financial needs.

 

Courses of Action:

I. Voluntary organisations should collaborate with foreign agencies.

II. They should explore other sources of financial support.

A) Only I follows B) Only II follows
C) Neither I nor II follows D) Both I and II follow
 
Answer & Explanation Answer: B) Only II follows

Explanation:

The problem arising is shortage of funds. So, alternative sources of financial support need to be worked out first. Thus, only course II follows.

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Q:

Should government stop spending huge amounts of money on international sports ? 

Arguments : 

I. Yes. This money can be utilised for poor. 

II. No. Sports-persons will be frustrated and will not get international exposure.

A) Only argument I is strong B) Only argument II is strong
C) Neither I nor II is strong D) Both I and II are strong
 
Answer & Explanation Answer: B) Only argument II is strong

Explanation:

Clearly spending money on sports can not be avoided merely for social economic problems. But Argument II is strong. Be a sports man and then think on this question. 

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Q:

Should school education be made free in India ?

Arguments : 

I. Yes. This is the only way to improve the literacy rate in India.

II. No. It would add the already heavy burden on the exchequer.

A) Only argument I is strong B) Only argument II is strong
C) Neither I nor II is strong D) Both I and II are strong
 
Answer & Explanation Answer: B) Only argument II is strong

Explanation:

Making education free can not ensure full literacy. So argument I is vague. Argument II stands strong.

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Q:

Should correspondence courses at the university level be discontinued in India ?

Arguments :

I. Yes. Only interaction between teachers and students at the college helps total development of personality.

II. No. The demand for discontinuance comes only from the elite who have no knowledge of what is meant by  poverty.

A) Only argument I is strong B) Only argument II is strong
C) Neither I nor II is strong D) Both I and II are strong
 
Answer & Explanation Answer: A) Only argument I is strong

Explanation:
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Q:

12 men can complete a work in 8 days. 16 women can complete the same work in 12 days. 8 men and 8 women started working  and worked for 6 days. How many more men are to be added to complete the remaining work in 1 day?

A) 8 B) 12
C) 16 D) 24
 
Answer & Explanation Answer: B) 12

Explanation:

1 man's 1 day work =1/96 ; 1 woman's 1 day work = 1/192

Work done in 6 days=6896+8192=6×18 =34 

Remaining work = 1/4

(8 men +8 women)'s 1 day work = 1896+8192 =1/8

Remaining work =1/4 -  1/8 = 1/8

 

 1/96 work is done in 1 day by 1 man

 

Therefore, 1/8 work will be done in 1 day by 96 x (1/8) =12 men

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Filed Under: Time and Work

Q:

Managing retailing, wholesaling and market logistics :

What are the essential characteristics of retailing?

Answer

a.Direct interaction with customers: The retailer acts as the final link between the organisation and its customer. The retailer knows his customer better than anyone. He even suggests the customer what to purchase and allows him credit facilities to encourage frequent buying behaviour in the customer.


b.Small purchases: The customer purchases goods in small lots from the retail stores. So there are frequent visits to the retail store by the customer.


c.Instrument of marketing communication: via which information about the product is disseminated to the needy customers

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Q:

Managing retailing, wholesaling and market logistics :

What is logistics management?

Answer

Logistics management is the part of supply chain management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer's requirements.


 


 

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Q:

Promotions and promotion mix :

What about the budget? We want our promotional campaigns to be cost effective enough. I don’t think we can afford celebrity endorsements as of now!

Answer

No problem. We can use network marketing as an alternative. The company already has its strong network of customers who can spread the word about its products. They can encourage referral rewards for say every three customers who will buy our product or avail our service.


We can also announce a contest for the customers to buy the product and win a chance to get himself broadcasted for the product advertisement. We can ask them to send in their photo along with the contest application form which they get alongwith the product they buy. So we don’t have to pay them as we would otherwise have to pay to a celebrity.

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