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Inequality in Markets

'Super limite...

Question

'Super limited has adopted the policy of offering good quality products at a reasonable price to customers'. Identify the objectives which the company is pursuing.

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Solution

Social objectives

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Q. Name and explain the impact of economic policy which forces management to fulfill social objective of quality product, reasonable price to customers?

Q. In pursuing its quality control objectives with respect to independence, an auditing firm may use policies and procedures such as ______________.

Q. Six Mark Question
'Hayaram' is a famous chain selling a large variety of products in the Indian market. Their products include chips, biscuits, sweets and squashes. It charges a comparatively higher price than its competitors as it sells quality products. Besides, it offers regular discounts to its customers and easy credit terms to its retailers. It has five of its own retail shops. It also sells its products through various grocery stores so that the products are made available to customers at the right place, in the right quantity and at the right time. It regularly uses different communication tools to increase its sales.
The above pan describes the combination of variables used by Hayaram to prepare its market offering. Identify and explain the variables.

Q. In each question below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement.
Statements: Company X has marketed the product. Go ahead; purchase it if price and quality are your considerations.
Conclusions:
I. The product must be good in quality.
II. The price of the product must be reasonable.

Q. Long Answer Questions:
A company has its registered office in Delhi, manufacturing unit in Gurgaon and marketing and sales department in Faridabad. The company manufactures consumer products. Which type of policy should it adopt to achieve the target?

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