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

Distinguish clearly between products and services, giving examples.

Differentiate between a product and a service.

It is also known as ‘going rate pricing’ or competition based pricing.

The process of eliminating unqualified and unfit job seekers based on the information supplied by them in their application is called ______.

______ is the application form to be filled by the candidate when he goes for recruitment process in the organisation.

______ is a selection test which judges the emotional ability which will help to judge work in group.

Such tests are designed to determine an individual’s capacity to use his hands and fingers in industrial work.

It refers to assigning specific jobs to the selected candidates.

These tests are designed to measure the applicant’s level of knowledge and skill already achieved in a particular trade or occupation.

Arrange the following steps of staffing in correct sequence.

1. Preliminary interview
2. Application form
3. Tests
4. Interview

An organisation has decided to follow a three-tier selection process of appointing Executive Trainees: Aptitude Test (A.T.), Group Discussion (G.D.), and Final Interview (F.I.). Outline the details of this process stating clearly the tasks involved at each stage. 

Explain any two types of employment tests which are conducted to select employees for an enterprise.

The strategy of introducing new product in existing market is classified as ______.

Markup pricing is also called as ______.

Introducing a product at low price and increasing the price once the brand succeeds is known as ______ pricing.

______ price refers to the high initial price charged when a new product is introduced in the market.

______ is the most common method used for pricing.

Setting a price below than that of the competition is called ______.

Under this Pricing Strategy, a business firm adjusts its own price policy in accordance with general pricing structure in the industry.

Selling price = Total cost per unit + Desired profit per unit is the formula to fix prices under which Pricing Strategy?