GK
IMPORTANT ABBREVIATIONS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is the full form of “MR"?
|
|
Measurable Risk
|
|
|
Market Research
|
|
|
Marketing Revenue
|
|
|
Managerical Resource
|
Explanation:
Detailed explanation-1: -What does MR mean? Marketing Research (MR) is a systematic process of collecting and analyzing data (information) to solve a specific marketing problem.
Detailed explanation-2: -“Mr.” is an abbreviation for “Mister.” Both words are pronounced the same way.
Detailed explanation-3: -Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.
Detailed explanation-4: -The scope of marketing research stretches from the identification of consumer wants and needs to the evaluation of consumer satisfaction. It comprises of research relating to consumers, products, sales, distribution, advertising, pricing and sales forecasting.
There is 1 question to complete.