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Management Marketing Difficulty: Medium

Match the following. List-I List-II a. Specialty store 1. Broad section of high mark-up b. Superstore 2. Narrow product line c. Catalog showrooms 3. Routinely purchased goods d. Discount store 4. Lower margins and higher volume e. Convenience stores 5. Open for seven days a week

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Consider the following for the definition of 'minerals' under Mines Act, 1952. Which of the following is correct? 1. It means those substances which can be obtained from the earth by means of digging, dredging, drilling, mining or through other operations. 2. It include natural gas and petroleum. 3. It is defined under Section 2(jj). Probability is the limit of the . . . . . . . . of success in an infinite sequence of trials where all trials have been performed under essentially the same conditions Who defined Operations Research as scientific approach to problem solving for executive management ? The ethical issues relating to customers include Which of the following statements are true/false? 1. In institutional market, there is free operation of forces of demand and supply. 2. In management market, there is a close relationship between wage setting and allocation of labour. 3. In neo-classical markets, imperfections and inequality exists in the market. 4. Unstructured markets are not regulated by any authority.