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Economics Mcqs 4423 MCQs [All-Courses]

Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

_______ is quoted as saying that everyone lives by selling something?

A Bill Gates

B Robert Louis Stevenson

C Arthur Miller

D Henry Ford

Review Detailed Answer

Correct Answer: Robert Louis Stevenson

Using a successful brand name to introduce additional items in a given product category under the same brand same (such as new flavors, forms, colors, added ingredients or package seizes) is called a(n)?

A line extension

B brand extension

C multibranding

D new brands

Review Detailed Answer

Correct Answer: line extension

The use of price points for reference to different levels of quality for a company’s related products is typical of which product mix pricing strategy ?

A Optional-product pricing

B Captive-product pricing

C By-product pricing

D Product line pricing

Review Detailed Answer

Correct Answer: Product line pricing

The total number of item that the company carries within its product lines refers to the ________ of the product mix?

A width

B depth

C length

D consistency

Review Detailed Answer

Correct Answer: length

The typical method of retail operation used by supermarkets and catalog showrooms is called ?

A self-service retailing

B limited-service retailing

C full-service retailing

D service merchandiser

Review Detailed Answer

Correct Answer: self-service retailing

______ includes practices such as overstating the product’s features or performance luring the customer to the store for a bargain that is out of stock, or running rigged contests ?

A Deceptive promotion

B Deceptive packaging

C Deceptive pricing

D Deceptive cost structure

Review Detailed Answer

Correct Answer: Deceptive promotion

Sellers that handle their own exports are engaged in ?

A direct exporting

B indirect exporting

C licensing

D contract manufacturing

Review Detailed Answer

Correct Answer: direct exporting

A child in the United States is normally exposed to all of the following values EXCEPT ?

A achievement ans success

B activity and involvement

C material comfort

D collectivism

Review Detailed Answer

Correct Answer: collectivism

The internet evolved from a network created by ________ during the 1960s?

A the Commerce Department

B the Massachusetts institutes of Technology (MIT)

C Northwestern University

D the Defense Department

Review Detailed Answer

Correct Answer: the Defense Department

_________ describes changes in an individual’s behavior arising from experience?

A Modeling

B Motivation

C Perception

D Learning

Review Detailed Answer

Correct Answer: Learning

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

_______ is quoted as saying that everyone lives by selling something?

Using a successful brand name to introduce additional items in a given product category under the same brand same (such as new flavors, forms, colors, added ingredients or package seizes) is called a(n)?

The use of price points for reference to different levels of quality for a company’s related products is typical of which product mix pricing strategy ?

The total number of item that the company carries within its product lines refers to the ________ of the product mix?

The typical method of retail operation used by supermarkets and catalog showrooms is called ?

______ includes practices such as overstating the product’s features or performance luring the customer to the store for a bargain that is out of stock, or running rigged contests ?

Sellers that handle their own exports are engaged in ?

A child in the United States is normally exposed to all of the following values EXCEPT ?

The internet evolved from a network created by ________ during the 1960s?

_________ describes changes in an individual’s behavior arising from experience?