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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.

A _______ is a promotion strategy that calls for using the sales force and trade promotion to move the produce through channels ?

A push strategy

B pull strategy

C blocking strategy

D integrated strategy

Review Detailed Answer

Correct Answer: push strategy

According to the price/quality strategy matrix when a company overprices its product in relation to its quality it is considered to be using which type of strategy ?

A Good-value strategy

B Premium strategy

C Overcharging strategy

D Snob strategy

Review Detailed Answer

Correct Answer: Overcharging strategy

In evaluating messages for advertising telling how the product is better than the competing brands aims at making the ad ?

A meaningful

B distinctive

C believable

D remembered

Review Detailed Answer

Correct Answer: distinctive

According to Engel’s law as income rises ?

A The percentage spent on food rises

B The percentage spent on housing increases

C The percentage spent on other categories increase

D The percentage spent on savings remains constant

Review Detailed Answer

Correct Answer: The percentage spent on other categories increase

A set of interdependent organizations involved in the process of making a product or service available for use or consumption by the consumer or business user is called a(n) ?

A retailer

B wholesaler

C distribution channel

D logistics

Review Detailed Answer

Correct Answer: distribution channel

Rolls Royce uses which of the following distribution formats ?

A Intensive distribution

B Exclusive distribution

C Selective distribution

D Open distribution

Review Detailed Answer

Correct Answer: Exclusive distribution

If the field salesforce has been supplied with new leads (via the telephone) that have been qualified, they have probably been assisted by ?

A master salespersons

B sales assistants

C technical support persons

D telemarketers

Review Detailed Answer

Correct Answer: telemarketers

The stage is the product life cycle that focuses on expanding market and creating product awareness and trails is the ?

A decline stage

B introduction stage

C growth stage

D maturity stage

Review Detailed Answer

Correct Answer: introduction stage

3M runs a Pollution a Prevention Pays program that has led to a substantial reduction in pollution and costs this would be an example of responding and costs. This would be an example of responding to which of the following ?

A Nader’s raiders

B The green movement

C Governmental regulation

D International competition

Review Detailed Answer

Correct Answer: The green movement

A __________ is a brand created and owned by a reseller of a product of service ?

A licensed brand

B manufacturer’s brand private brand

C private brand

D co-brand

Review Detailed Answer

Correct Answer: private brand

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Economics Mcqs 4423 MCQs [All-Courses]

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All Topics 4423

A _______ is a promotion strategy that calls for using the sales force and trade promotion to move the produce through channels ?

According to the price/quality strategy matrix when a company overprices its product in relation to its quality it is considered to be using which type of strategy ?

In evaluating messages for advertising telling how the product is better than the competing brands aims at making the ad ?

According to Engel’s law as income rises ?

A set of interdependent organizations involved in the process of making a product or service available for use or consumption by the consumer or business user is called a(n) ?

Rolls Royce uses which of the following distribution formats ?

If the field salesforce has been supplied with new leads (via the telephone) that have been qualified, they have probably been assisted by ?

The stage is the product life cycle that focuses on expanding market and creating product awareness and trails is the ?

3M runs a Pollution a Prevention Pays program that has led to a substantial reduction in pollution and costs this would be an example of responding and costs. This would be an example of responding to which of the following ?

A __________ is a brand created and owned by a reseller of a product of service ?