UGC NET/JRF EXAM, (MANAGEMENT) December 2019

Total Questions: 100

81. These are five distinct International Expansion Entry modes which are followed by businesses for entering international markets. Their correct sequence is

Correct Answer: (d) Exporting, Licensing, Franchising, Partnering, Strategic Alliance
Solution:These are five distinct International expansion Entry modes of businesses. For entering international markets. Their correct sequence is:-

Exporting, Licensing, Franchising, Partnering, Strategic Alliance.

Exporting→ It involves selling goods and services produced in one country to another country.
Licensing→ Under Licensing companies sign contracts allows to the foreign companies.
Franchising → It is a contract based agreement between two parties where one party provides the right or licenses to another party.
Partnering→ Partnering means where two or more companies agree to invest. Strategic
alliance→ It is formal voluntary agreement between two or more companies to use their resources.

82. Which of the following sequence are the steps of 'QUEST' technique of external economic analysis ?

Correct Answer: (b) Preparation Phase → Divergent Planning Phase → Option identification Phase → Scenario Development Phase
Solution:The steps of 'QUEST' technique of external economic analysis are:-

Hence, the option (b) is correct.

83. International negotiation is a seven step process comprising of the following:

(a) Information exchange and offer
(b) Concession
(c) Preparation
(d) Building a relationship
(e) Strategy
(f) Persuasion
(g) Agreement

Which of the following sequence is in the right order ?

Correct Answer: (b) (c), (e), (d), (a), (f) (b) and (g)
Solution:International negotiation is a seven step process which are:-

84. Marketing feasibility of any idea includes the following aspects:

(a) Current and future demand estimates
(b) Market segmentation and identification of target markets
(c) Competition analysis
(d) Market testing

Which of the following option are correct?

Correct Answer: (a) (a), (b) and (c)only
Solution:Marketing feasibility includes estimating the current and future demand estimates, identifying the market segmentation and identification of target markets and existing competition in the market.

85. For marketing the products of MSME, marketing strategy has to be formulated which consists of 4Ps

(A) Product
(B) Promotion
(C) Place
(D) Price

Which one of the following sequence is correct?

Correct Answer: (c) (A), (D), (C) and (B)
Solution:4Ps of marketing are same for all and their correct sequences is -

(a) Product
(b) Price
(c) Place
(d) Promotion

Hence, option (c) is correct.

86. Given below are two statements labelled as Assertion (A) and Reason (R).

Assertion (A): Every product or service should be branded otherwise they will be treated as commodity.
Reason (R): If the product or service is branded then it always commands a higher price.

Read the statements and choose the correct answer from the options given below :

Correct Answer: (c) (A) is correct but (R) is incorrect
Solution:Assertion (A): Every product or service should be branded otherwise they will be treated as commodity.
Reason (R): If the product or service is branded then it always commands a higher price. Hence, (A) is correct but (R) is incorrect.

87. Given below are two statements labelled as Assertion (A) and Reason (R). Read statements and answer the question that follow :

Assertion (A): International product standardisation is least costly in terms of both manufacturing and marketing costs for the company. So companies should bring uniformity in their marketing mix elements.
Reason (R): No change in the product itself is required for marketing overseas but many items may require some adaptation for making them suitable to the foreign markets.

Which of the following options is correct?

Correct Answer: (b) Both (A) and (R) are correct but (R) is not the correct explanation of (A)
Solution:Assertion (A): International product standardization is the least costly in terms of both manufacturing and marketing costs for the company. So companies should bring uniformity in their marketing mix elements.
Reason (R): No change in the product itself is required for marketing overseas but many items may require some adaptation for making them suitable to the foreign markets.

Here, Both (A) and (R) are correct but (R) is not the correct explanation of (A).

88. Given below are two statements labelled as Assertion (A) and Reason (R). Read the statements and answer the question that follows:

Assertion (A): The basic thrust of strategic decision making in the process of strategic management is to make a choice regarding the courses of action to adopt, which is the primary task of the senior management.
Reason (R): This is so because the basic concern in strategic management is to seek answers to questions. What is our business? What will it be? and what should it be?

Correct Answer: (a) Both the statements (A) and (R) are correct and (R) is the right explanation of (A)
Solution: Assertion (A): The basic thrust of strategic decision making in the process of strategic management is to make a choice regarding the courses of action to adopt, which is the primary task of the senior management.
Reason (R): This is so because the basic concern in strategic management is to seek answers to questions. What is our business? What will it be? and what should it be?

Here, Both the statement (A) and (R) are correct and (R) is the right explanation of (А).

89. Two statements given below are labelled as Assertion (A) and Reason (R). Read the statements and answer the question that follows.

Assertion (A): Plant location is often oriented toward dominant factors such as raw material sources while warehouse location is definitely distribution oriented.
Reason (R): Plant location decision is driven by the competition and competitor while the warehouse location decision is exclusively driven by the cost considerations.

Which of the following options is the correct?

Correct Answer: (b) Both the statements are correct and statement (R) is not the correct explanation of (A)
Solution:Assertion (A): Plant location is often oriented towards dominant factors such as raw material sources while warehouse location is definitely distribution oriented.
Reason (R): Plant location decision is driven by the competition and competitor while the warehouse location decision is exclusively driven by the cost considerations.

Here, Both statment are correct and statement (R) is not the correct explanation of (A).

90. Given below are two statements labelled as Assertion (A) and Reason (R). Read the statements and answer the question that follows:

Assertion (A): The addition of independent variable (s) causes the predictions error to become smaller
Reason (R): With addition of independent variable, R² becomes larger to cause smaller prediction error

Which of the following options is correct?

Correct Answer: (a) Both statements are correct and (R) is the correct explanation of (A)
Solution:Assertion (A): The addition of independent variable (s) causes the predictions error to become smaller.

Reason (R) : With addition of independent variable, R2 becomes larger to cause smaller prediction error. Here, Both statements are correct and (R) is the correct explanation of (A).