2. Statement 1: Labelling have descriptions which makes more meaning to the products which are packaged

Statement 2: as labelling protects the products and holds the content

a. Statement 1 is correct and Statement 2 is incorrect

b. Statement 2 is correct and Statement 1 is incorrect

c. Both Statement 1 and Statement 2 are incorrect

d. Both Statement 1 and Statement 2 are correct

.

6. Statement 1: Price skimming can help small brands to do well in a competitive market

Statement 2: Penetration pricing may not help luxury brands in setting up in a competitive market

a. Statement 1 is correct and Statement 2 is incorrect

b. Statement 2 is correct and Statement 1 is incorrect

c. Both Statement 1 and Statement 2 are incorrect

d. Both Statement 1 and Statement 2 are correct

7. Statement 1: In maturity stage of PLC both the sales and profits are highest

Statement 2: sales and profits start going down in the decline phase of PLC

a. Statement 1 is correct and Statement 2 is incorrect

b. Statement 2 is correct and Statement 1 is incorrect

c. Both Statement 1 and Statement 2 are incorrect

d. Both Statement 1 and Statement 2 are correct (Correct Answer)

8. Statement 1: Companies in Question Mark stage can directly enter the Cash Cow stage

Statement 2: Companies in Question Mark stage if not performing gets in Dog stage

a. Statement 1 is correct and Statement 2 is incorrect

b. Statement 2 is correct and Statement 1 is incorrect

c. Both Statement 1 and Statement 2 are incorrect

d. Both Statement 1 and Statement 2 are correct