(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Commercial Applications

It refers to the expenses incurred on those items which are not directly chargeable to production. Salaries of timekeeper, foremen and watchmen are examples of this cost. This cost is incurred for the concern as a whole rather than a particular product.

Which definition best describes indirect costs?

Wages paid to a labour who was engaged in the production activities can be termed as ______.

Which of the following best describes a fixed cost?

Fixed cost is a cost which remains same at ______.

What is opportunity cost?

Distinguish between controllable and uncontrollable costs.

Distinguish between direct costs and indirect costs.

Distinguish between shut down cost and sunk cost.

Distinguish between Direct Labour cost and Indirect Labour cost.

Which type of advertising focuses on a particular product or brand or service of an enterprise?

Give an example of opportunity cost.

Societal concept of ______ is most popular in todays era.

Give two objectives of advertising.

Which function of management starts before production and continues even after sale?

______ philosophy suggests, that, the organisation should earn profit through volume of production.

Which marketing concept places importance to attract and persuade customers to buy the products?

A company must balance profits, consumer satisfaction and public welfare. Which stage of marketing emphasises on the given statement?

During the stage, from 1950-1960; marketers' focus shifted from promotion to product improvement?

In this stage of marketing, the motto was to 'Sell what can be produced':