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NECO 2018 Book Keeping Answer Obj and Essay– May/June Expo

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NECO 2018 Book Keeping Answer Obj and Essay– May/June Expo

NECO 2018 Book Keeping Answer Obj and Essay– May/June Expo

2018 NECO Book Keeping Questions and Answers – Objective & Essay Expo

2018 NECO Book Keeping Questions and Answers – Objective & Essay Expo Runs

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1b)Most of the product companies have dedicated sales staff while in the service industry the service deliverers often do the selling. Coordinating marketing, operations and human resource efforts is a tedious task.

Passion works for the service industry. More the passion, spirit and desire among the service staff more is the revenue generation and success generated every day. There is a direct correlation between staff passion and financial success and similarly lack of passion leads to failure in the service industry. Staffs need to be constantly motivated and efforts have to make to sustain employee commitment.

While testing new services is a constant challenge communicating about these services simultaneously is also not easy.

Setting prices does not come easily for service industry.

Standardization versus personalization is another major issue the service industry has to face.

I)Most of the product companies have dedicated sales staff while in the service industry the service deliverers often do the selling. Coordinating marketing, operations and human resource efforts is a tedious task.

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Ii)Passion works for the service industry. More the passion, spirit and desire among the service staff more is the revenue generation and success generated every day. There is a direct correlation between staff passion and financial success and similarly lack of passion leads to failure in the service industry. Staffs need to be constantly motivated and efforts have to make to sustain employee commitment.

iii)While testing new services is a constant challenge communicating about these services simultaneously is also not easy.

iv)Setting prices does not come easily for service industry.

v)Standardization versus personalization is another major issue the service industry has to face.

NECO 2018 BOOK KEEPING ANSWERS

1a)Personal Capital
Ii.Sale of Assets
iii.Sale and Lease Back
iv.Loans and Credit Lines from Banks
v.Hire Purchase
=================
1b)Most of the product companies have dedicated sales staff while in the service industry the service deliverers often do the selling. Coordinating marketing, operations and human resource efforts is a tedious task.

Passion works for the service industry. More the passion, spirit and desire among the service staff more is the revenue generation and success generated every day. There is a direct correlation between staff passion and financial success and similarly lack of passion leads to failure in the service industry. Staffs need to be constantly motivated and efforts have to make to sustain employee commitment.

While testing new services is a constant challenge communicating about these services simultaneously is also not easy.

Setting prices does not come easily for service industry.

Standardization versus personalization is another major issue the service industry has to face.

I)Most of the product companies have dedicated sales staff while in the service industry the service deliverers often do the selling. Coordinating marketing, operations and human resource efforts is a tedious task.

Ii)Passion works for the service industry. More the passion, spirit and desire among the service staff more is the revenue generation and success generated every day. There is a direct correlation between staff passion and financial success and similarly lack of passion leads to failure in the service industry. Staffs need to be constantly motivated and efforts have to make to sustain employee commitment.

iii)While testing new services is a constant challenge communicating about these services simultaneously is also not easy.

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iv)Setting prices does not come easily for service industry.

v)Standardization versus personalization is another major issue the service industry has to face.

Book keeping

1a)Personal Capital
Ii.Sale of Assets
iii.Sale and Lease Back
iv.Loans and Credit Lines from Banks
v.Hire Purchase

7a
distribution channel is a chain of businesses or intermediaries through which a good or service passes until it reaches the end consumer. It can include wholesalers, retailers, distributors and even the internet itself.

7b
-Creating sales
-Marketing research
-Product planning
-Financial support

7c
(1) The Nature of the Product:
These factors include physical characteristics of a product and their impact on the selection of a particular channel of distribution.

(2) The Nature of the market:
This is another factor influencing the choice of a proper channel of distribution. In the words of Lazo and Corbin “Marketing managements select channels on the basis of customer wants-how, where and under what circumstances. The number of buyers of the product affects the choice of a f channel of distribution.

(3) Government Regulations and Policies:
Government policies and regulations also influence the choice of distribution channels. The Government may impose certain restrictions on the wholesale trade of a particular product arid takeover the distribution of certain products. All these restrictions have a direct impact in selecting the channel of distribution.

Book keeping

1b)Most of the product companies have dedicated sales staff while in the service industry the service deliverers often do the selling. Coordinating marketing, operations and human resource efforts is a tedious task.

Passion works for the service industry. More the passion, spirit and desire among the service staff more is the revenue generation and success generated every day. There is a direct correlation between staff passion and financial success and similarly lack of passion leads to failure in the service industry. Staffs need to be constantly motivated and efforts have to make to sustain employee commitment.

While testing new services is a constant challenge communicating about these services simultaneously is also not easy.

Setting prices does not come easily for service industry.

Standardization versus personalization is another major issue the service industry has to face.

I)Most of the product companies have dedicated sales staff while in the service industry the service deliverers often do the selling. Coordinating marketing, operations and human resource efforts is a tedious task.

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Ii)Passion works for the service industry. More the passion, spirit and desire among the service staff more is the revenue generation and success generated every day. There is a direct correlation between staff passion and financial success and similarly lack of passion leads to failure in the service industry. Staffs need to be constantly motivated and efforts have to make to sustain employee commitment.

iii)While testing new services is a constant challenge communicating about these services simultaneously is also not easy.

iv)Setting prices does not come easily for service industry.

v)Standardization versus personalization is another major issue the service industry has to face.

2b
(i) The Production Concept
This concept is the oldest of the concepts in business.  It holds that consumers will prefer products that are widely available and inexpensive.  Managers focusing on this concept concentrate on achieving high production efficiency, low costs, and mass distribution.  They assume that consumers are primarily interested in product availability and low prices.  This orientation makes sense in developing countries, where consumers are more interested in obtaining the product than in its features.

(ii) The Societal Marketing Concept.
This concept holds that the organization’s task is to determine the needs, wants, and interests of target markets and to deliver the desired satisfactions more effectively and efficiently than competitors (this is the original Marketing Concept).  Additionally, it holds that this all must be done in a way that preserves or enhances the consumer’s and the society’s well-being.

(iii) Consumer orientation concept
A service offered by companies that focuses on the internal and external needs of a business’s customers. Consumer orientation establishes and monitors standards of customer satisfaction and strives to meet the clientele’s needs and expectations related to the product or service sold by the business.

(Iv) integrated organisational effort

Integrated Organizational Effort in today’s business world is particularly significant in the sense that it helps in

i) developing new products

ii) improving the quality of the existing products

iii) understanding and reacting to changes in the consumer buying pattern.

The concept is also used with ecommerce, virtual teams, virtual organizations, enterprise resource planning implementation etc.

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