1. What refers to the market of demand and supply of medium to long term demands are brought together
2. True or false value reflects the percieved tangible and intangible benefits and costs to customers
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3. true or false value line authority belongs to those who recomend reserach and give technical expertise
4. true or false organising is checking and results of a company to ensure goals are met
5.what is the search for a variety of qualified candidates to fill a particular position and choosing thr right candidate from the group
6. true or false the product concept proposes that customers favour products that provide the most quality and performance
7. what refers to the policies, practises and systems that influence employees behaviour and performance
8. what refers to the capital which the enterprise occassionally does not need. at times the enterprise requires more and at times less capital
Sample Solution
- True. This refers to the process of bringing together the demand and supply of medium to long-term goods or services in the market. This can involve various activities such as market research, forecasting, pricing, and promotion to match the demand and supply dynamics.
- True. Value reflects the perceived tangible and intangible benefits and costs to customers. It is the customer’s assessment of the worth or utility they receive from a product or service in relation to the costs they incur to obtain it, including monetary, time, and effort costs.
- False. Line authority belongs to those who have the power to make decisions and give orders within their respective areas of responsibility. It typically flows vertically from the top management down to lower levels of the organization, and it is associated with decision-making and control over resources. It is not necessarily related to research and technical expertise.
- False. Organizing is the process of arranging and allocating resources, tasks, and responsibilities in a structured manner to achieve the goals and objectives of a company. It involves creating a formal structure, defining roles and responsibilities, establishing communication channels, and coordinating activities. Checking and results evaluation are part of the controlling function of management, which comes after organizing.
- Recruitment. Recruitment refers to the process of searching for a variety of qualified candidates to fill a particular position in an organization and choosing the right candidate from the group of potential applicants. It involves activities such as job posting, screening, interviewing, and selecting the most suitable candidate for the job.
- False. The product concept proposes that customers favor products that provide the most quality and performance. This concept focuses on improving the features, performance, and quality of products to attract customers. However, modern marketing approaches emphasize the importance…GET A COMPREHENSIVE ANSWER HERE
