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Question

Indicate the correct code matching the items in List - I with those in List - II as follows:

List - IList - II
a. Competitive parity in advertisingi. Variations in advertising
b. Promotional elasticity of productii. Advertising scheduling
c. Optimal promotion mixiii. Advertising expenditure
d. Pulsing advertisingiv. Marginal equivalence of advertising media outlay

This question was previously asked in
UGC NET 2014 Paper 1 Question Paper (28-Dec-2014)
The correct answer is

a-iii, b-i, c-iv, d-ii

Each advertising concept is matched to the aspect of advertising decision-making that it belongs to.

Competitive parity is a method of deciding how much to spend on advertising - the firm sets its budget to match what rivals spend - so it belongs to advertising expenditure, giving (a)-(iii). Promotional elasticity of a product measures how responsive sales are to changes in promotional effort, so it concerns variations in advertising and their effect, giving (b)-(i). The optimal promotion mix is reached when the last rupee spent on each medium yields the same additional return, which is precisely the marginal equivalence of advertising media outlay, giving (c)-(iv). Pulsing advertising alternates bursts of heavy advertising with periods of lighter activity, which is a question of timing, so it belongs to advertising scheduling, giving (d)-(ii).

Putting these together gives a-iii, b-i, c-iv, d-ii, which is the second code. The organising idea is the decision each concept answers: how much to spend, how sales respond, how to allocate across media, and when to advertise.

Hence the correct match is a-iii, b-i, c-iv, d-ii.

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