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The activities and processes used in making both tangible and intangible products is known as _____________.
Which of the following is defined as large scale information system used for organizing and managing a firm’s processes across product lines, departments and geographic locations?
Which of the following would generally have unlimited liability?
The situation when a country imports more than its exports is:
Which one of the following statements by a company chairman best reflects the marketing concept?
When Nayer Carpets develops new carpets that are highly stain resistant and durable, it must educate consumers about the product's benefits. This calls for activity in which of the following marketing mix variables?
Nestle yoghurt represents which type of product for most consumers?
As the production manager of an engineering firm, you went out and bought a metal cutting machine. What you have purchased can best be classified as
Physical distribution functions influence
A product's ability that it cannot be used for various purposes in different capacities and under different conditions is termed as__________
Which of the following statements is most suitable for Quality assurance?
Which of the following is considered as the pillar of quality?
A person needs to buy a medicine in midnight and gets it from a pharmacy, the availability of medicine in the midnight represents following
Flow of communication from top to bottom is known as_______
Auditors who are working within the organization are known as_______
Assets which cannot be physically touched are termed as___________
A plan or an estimate for future expenses and revenues is termed as_________
The minimum number of persons who are legally allowed to operate in a partnership is:
Which of the following is not a method of creating a company?
An organisation running a business has the following attributes: the assets belong to the organisation, it can create a floating charge over its assets, change in membership does not alter its existence, and members cannot transfer their interests to non-members. What type of organisation is it?
What are the limitations of a Free enterprise system?
Correct Answer :- D
Explanation : A free enterprise system, or capitalism, has the specific downfall of uneven distribution of resources, consumer difficulty in obtaining information, and health-risk products. The main goal of the capitalist world is to allow anyone to get up to the top of the world by their own efforts. In reality, only a few people do that.
This is mainly because the resources are expensive. If there are people that have it all, they can get it for cheap because they can make the purchase that will last for a long while before they have to buy it again.
However, capitalism is all about the money! If you can make money on it, then that’s all you need to worry about it. For this reason, companies made it incredibly hard to find information about their products way back in the day. Nowadays, that’s not too hard to find.
The term that indicates ownership, either by individuals or by a business, is ...
An economic system in which business are allowed to produce any goods and services they wish to is called.
A situation that occurs when two or more businesses try to sell the same type of product to the same customers is referred to as ...
Things that are needed to produce goods and services are called ...
An economic system in which private property is almost totally restricted is called ...
An economic system that has Government restrictions on the actions of individuals and businesses is called ...