Home / MCQ Bank / Management

Management Marketing Difficulty: Medium

"Poverty is an artificial creation, It does not belong to human civilisation and we can change that and can make people come out of poverty through redesigning our institutions and policies." This preamble refers to Match the following and select the option of correct matching. List-I List-II a. Motivating through rewards and penalties 1. Charismatic leadership b. Changing organisation by creating and communicating a vision 2. Situational leadership c. Influencing by dint of personality and charm 3. Transactional leadership d. Modifying style with respect to readiness of followers 4. Transformational leadership Consider the following statements. 1. The stage of industry's development (life cycle) cannot influence the nature of competitive rivalry. 2. As the industry starts to mature in terms of life cycle, rules are rejected, consumer expectations about quality and performance are blurred and industry standards are put for modification. 3. A major feature of maturing industries is the tendency for competition based on product pricing becoming similar. 4. In declining industries, only the most efficient firms can earn reasonable profits. In the light of industry life cycle. Which of the above statements are true? Which one of the following is not a major area of entrepreneurial innovation as suggested by Joseph Schumpeter? In oral communication there is a possibility of immediate __________.