Forwarded from Professor Adda NET SET CUET
Q 1 What does the passage imply by the word 'Virtual shopping'?
Anonymous Quiz
17%
(a) shopping widely
24%
(b) shopping spree
19%
(c) literal shopping
41%
(d) net shopping
Forwarded from Professor Adda NET SET CUET
Forwarded from Professor Adda NET SET CUET
Q 3 Which of the following statement is/are TRUE
A Cyberspace has opened an immense wealthof services but has affected the economy too.
B Data privacy is no longer a thing of the past. C People in developing countries use onlineshopping as a routine mode
A Cyberspace has opened an immense wealthof services but has affected the economy too.
B Data privacy is no longer a thing of the past. C People in developing countries use onlineshopping as a routine mode
Anonymous Quiz
14%
(a) Only A
47%
(b) Only B and C
33%
(c) A, B and C
6%
(d) Only C
Forwarded from Professor Adda NET SET CUET
Q 4 What is the authors view regarding shopping on
the web?
the web?
Anonymous Quiz
31%
(a) shopping on the net makes the buyers wary of financial transactions.
21%
(b) shopping in the stores is on obsolete idea.
33%
(c) Net shopping has affected our economy onthe whole
15%
(d) Payment by credit card easily outnumbers cash transactions.
Forwarded from Professor Adda NET SET CUET
Q 5 Why has online shopping caught on so much in
the U.S.A. and Canada?
the U.S.A. and Canada?
Anonymous Quiz
30%
(a) The developed countries can well afford to indulge in such luxuries
34%
(b) The pace of life is superfast in these countries
19%
(c) Virtual shoppers need not hide their credit card information.
17%
(d) Banks etc do not tamper with the financial details of the net-shoppers
📖📖 Read the passage and give answers 🔶🔶
▪️There is a question whether advertising induces demand for an individual company's product more or less elastic. The evidence indicates that the advertising of brands tends to make their demands relatively inelastic for varying periods of time. The data which support this condition are found in the relatively rigid prices of many advertised articles. That brand advertising would have this effect is natural, for an objective of brand advertising is to build consumer preferences. Some consumers will stick by a brand even though its price relationship with competing brands are disturbed. Clearly, the establishment of strong brand preference has led some manufacturers to act as though these preferences made the demand for their brands relatively inelastic.
Rarely have they tested the inelasticity of their brands by raising and holding up their prices when competitors have failed to follow similar procedures. Yet, numerous examples were found in which manufacturers in periods of depression held their prices rigid while prices generally and the prices of some competitors were being lowered. In all such instances price competition was found to come into play sooner or later, and either demand shifted to sellers with lower prices or a reduction in price was forced. The quickness with which price competition comes into
play varies in different product fields. In the fields of proprietary remedies, the highly individualised nature of the branded products and the tendency of consumers to build strong attachments to brands has given these brands an inelastic demand over relatively long periods of time. Even in these instances, however, price competition has eventually developed.
▪️There is a question whether advertising induces demand for an individual company's product more or less elastic. The evidence indicates that the advertising of brands tends to make their demands relatively inelastic for varying periods of time. The data which support this condition are found in the relatively rigid prices of many advertised articles. That brand advertising would have this effect is natural, for an objective of brand advertising is to build consumer preferences. Some consumers will stick by a brand even though its price relationship with competing brands are disturbed. Clearly, the establishment of strong brand preference has led some manufacturers to act as though these preferences made the demand for their brands relatively inelastic.
Rarely have they tested the inelasticity of their brands by raising and holding up their prices when competitors have failed to follow similar procedures. Yet, numerous examples were found in which manufacturers in periods of depression held their prices rigid while prices generally and the prices of some competitors were being lowered. In all such instances price competition was found to come into play sooner or later, and either demand shifted to sellers with lower prices or a reduction in price was forced. The quickness with which price competition comes into
play varies in different product fields. In the fields of proprietary remedies, the highly individualised nature of the branded products and the tendency of consumers to build strong attachments to brands has given these brands an inelastic demand over relatively long periods of time. Even in these instances, however, price competition has eventually developed.
👍3
Forwarded from Professor Adda NET SET CUET
Q-1 Strong consumer attachment for branded products eventually led to
Anonymous Quiz
33%
(a) Branded products falling in line manufacturers
21%
(b) Cartelisation of
38%
(c) Lasting demand inelasticity
9%
(d) Uniform pricing
👍2
Forwarded from Professor Adda NET SET CUET
Q-2 Why do some manufacturers make their brands of products demand inelastic?It is because of
Anonymous Quiz
39%
(a) Competitors increasing the priceline
22%
(b) Holding price line
19%
(c) Market trend
20%
(d) Strong consumer preference
👍2
Forwarded from Professor Adda NET SET CUET
Q 3 What was the post-depression development as regards product pricing?
Anonymous Quiz
19%
(a) Increased market for branded products
54%
(b) Price competition, resulting in reduction
19%
(c) Shift in demand to consumers
8%
(d) Stabilisation of prices
🙏2🔥1
Forwarded from Professor Adda NET SET CUET
Q 4 The passage focuses upon
Anonymous Quiz
18%
(a) Impact of advertising on product pricing
38%
(b) Price competition and branded products
36%
(c) Promotion of branded products in the sellers' market
8%
(d) Proprietory remedies for branded articles
🔥2
Forwarded from Professor Adda NET SET CUET
Q 5 The demand inelasticity of articles in terms of non-varying prices is due to
Anonymous Quiz
29%
(a) Advertising of branded products
38%
(b) Consumer ignorance
25%
(c) Differences in products
8%
(d) Varying time factor
🔥2
Forwarded from Professor Adda NET SET CUET
29th sep 2022 analysis.pdf
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29th sep 2022 exams topics & analysis.pdf
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29th sep 2022 exams(SHIFT 1&2) topics & analysis VIDEO 🎥
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