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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.

Technological advances, shifts in consumer tastes, and increased competition all of which reduce demand for a product are typical of which stage in the PLC ?

A decline stage

B introduction stage

C growth stage

D maturity stage

Review Detailed Answer

Correct Answer: decline stage

Setting the promotion budget so as to match the budgets of the competition is characteristic of which of the following budget methods ?

A Affordable method

B Percentage of Sales method

C Competitive parity method

D Objective and task method

Review Detailed Answer

Correct Answer: Competitive parity method

When a marketing research organization chooses a segment of the population that represents the population as a whole, they have chosen a ?

A group

B bi-variant population

C sample

D market target

Review Detailed Answer

Correct Answer: sample

When Coca-Cota and Nestle formed joint venture to market a ready to drink coffee and tea worldwide the type of marketing system that was formed would best be described as being a(n)?

A vertical marketing system

B parallel marketing system

C diversified marketing system

D horizontal marketing system

Review Detailed Answer

Correct Answer: horizontal marketing system

A three day cooling off period in which buyers can cancel a contract after re-thinking it is to protect the consumer from ?

A creative selling

B high pressure telling

C detail selling

D hard core selling

Review Detailed Answer

Correct Answer: high pressure telling

The major advantage of survey research is its ?

A simplicity

B structure

C organization

D flexibility

Review Detailed Answer

Correct Answer: flexibility

The shrinking or distances due to technological advances such as computer and fax connections by telephone are one characteristic of what new challenge to marketing ?

A Rapid globalization

B The changing world economy

C The call for more socially responsible marketing

D The micro-chip revolution

Review Detailed Answer

Correct Answer: Rapid globalization

When personal interviewing involves inviting six to ten people to gather for a few hours with a trained interviewers to talk about a product service, or organization the method is called ?

A Selective sponsorship

B Probing

C focus group interviewing

D the Delphi method

Review Detailed Answer

Correct Answer: focus group interviewing

A ________ is any activity or benefit offered for sale that is essentially intangible and does not result in the ownership of anything?

A demand

B basic staple

C product

D service

Review Detailed Answer

Correct Answer: service

A(n) ________ is a name term sign symbol or design, or a combination of these that identifies that maker or seller of a product or service ?

A Product feature

B sponsorship

C brand

D logo

Review Detailed Answer

Correct Answer: brand

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Technological advances, shifts in consumer tastes, and increased competition all of which reduce demand for a product are typical of which stage in the PLC ?

Setting the promotion budget so as to match the budgets of the competition is characteristic of which of the following budget methods ?

When a marketing research organization chooses a segment of the population that represents the population as a whole, they have chosen a ?

When Coca-Cota and Nestle formed joint venture to market a ready to drink coffee and tea worldwide the type of marketing system that was formed would best be described as being a(n)?

A three day cooling off period in which buyers can cancel a contract after re-thinking it is to protect the consumer from ?

The major advantage of survey research is its ?

The shrinking or distances due to technological advances such as computer and fax connections by telephone are one characteristic of what new challenge to marketing ?

When personal interviewing involves inviting six to ten people to gather for a few hours with a trained interviewers to talk about a product service, or organization the method is called ?

A ________ is any activity or benefit offered for sale that is essentially intangible and does not result in the ownership of anything?

A(n) ________ is a name term sign symbol or design, or a combination of these that identifies that maker or seller of a product or service ?