An inflation which occurs as a result of increase in production cost is known as
Cost-push inflation
Creeping inflation
Demand-pull inflation
Hyper-inflation
Runaway inflation
Correct answer is A
No explanation has been provided for this answer.
When Elasticity of Demand is greater than one, the demand is
Perfectly elastic
Unitary elastic
Zero elastic
Inelastic
Elastic
Correct answer is E
No explanation has been provided for this answer.
Comprehensive planning
Indicative planning
Perspective planning
Regional planning
Sector planning
Correct answer is A
No explanation has been provided for this answer.
A business organization set up for the mutual benefits of member with similar interest is known as
Cooperative society
Partnership
Private limited company
Public corporation
Public limited company
Correct answer is A
No explanation has been provided for this answer.
Which of the following is NOT a function of the wholesaler in the distributive channel?
Bulk breaking
Direct contact with end users
Feedback information to manufacturers
Public relations and advertising of products
Storage facilities for finished products
Correct answer is B
No explanation has been provided for this answer.