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Questions and Answers
Which of the following factors of production is a non-renewable resource?
Which of the following factors of production is a non-renewable resource?
- Labour
- Capital
- Natural resources (correct)
- Raw materials
In the context of marketing, which term refers to a distinctive name or symbol used to identify products and differentiate them from competitors?
In the context of marketing, which term refers to a distinctive name or symbol used to identify products and differentiate them from competitors?
- Product
- Brand Name (correct)
- Price
- Slogan
Which stage of production involves the transformation of raw materials into finished products?
Which stage of production involves the transformation of raw materials into finished products?
- Grading
- Quality control
- Purchasing
- Processing (correct)
What term is used to describe a small segment of the market that has specific needs and preferences?
What term is used to describe a small segment of the market that has specific needs and preferences?
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Which element of the 4 Ps of marketing focuses on activities to make the product available to the target customers?
Which element of the 4 Ps of marketing focuses on activities to make the product available to the target customers?
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