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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 a strategy of using a successful brand name to launch a new of modified product in a new category ?

A Duobranding

B Line extension

C Brand extension

D Multibranding

Review Detailed Answer

Correct Answer: Brand extension

All of the following are commonly recognized promotion budget formal EXCEPT ?

A the affordable method

B the LIFO method

C the percentage of sales method

D the objective and task method

Review Detailed Answer

Correct Answer: the LIFO method

A company is practicing ________ if it focuses on subbasements with distinctive traits that may seek a special combination of benefits ?

A micro marketing

B niche marketing

C mass marketing

D segment marketing

Review Detailed Answer

Correct Answer: niche marketing

Conflicts between different levels of the same channel of distribution are referred to as ?

A horizontal conflicts

B vertical conflicts

C layer-based conflicts

D parallel conflicts

Review Detailed Answer

Correct Answer: vertical conflicts

If Toyota describes one of its cars of the future as being a moderately priced subcompact designed as a second family car to be used arround town; the car is ideal for running errands and visiting friends, then the company has just stated a potential new product in terms of a(n) ?

A Product idea

B Product image

C Product concept

D Product features

Review Detailed Answer

Correct Answer: Product concept

R&D and engineering first produce the product concept into a physical product during which of the following stages of the new product development process ?

A Concept development and testing

B Marketing strategy

C Business analysis

D Product development

Review Detailed Answer

Correct Answer: Product development

Traditionally companies have defined their business in product terms or in technological terms however mission statements should be all of the following EXCEPT ?

A market oriented

B a statement of religion

C motivating

D based on distinctive competencies

Review Detailed Answer

Correct Answer: a statement of religion

_______ is the step in the selling process in which the salesperson learns as much as possible about a prospective customer before making a sales call?

A Prospecting

B Preapproach

C Approach

D Handling objections

Review Detailed Answer

Correct Answer: Preapproach

Which of the following is foreign owned (even through it is traditionally thought of as a U.S company) ?

A IBM

B Xerox

C Kodak

D Universal Studios

Review Detailed Answer

Correct Answer: Universal Studios

The In suppliers are most likely to get nervous and feel pressure to put their best foot forward in which of the following types of buying situations ?

A modified rebuy

B new task buying

C straight rebuy

D indirect rebuy

Review Detailed Answer

Correct Answer: modified rebuy

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

___________ is a strategy of using a successful brand name to launch a new of modified product in a new category ?

All of the following are commonly recognized promotion budget formal EXCEPT ?

A company is practicing ________ if it focuses on subbasements with distinctive traits that may seek a special combination of benefits ?

Conflicts between different levels of the same channel of distribution are referred to as ?

If Toyota describes one of its cars of the future as being a moderately priced subcompact designed as a second family car to be used arround town; the car is ideal for running errands and visiting friends, then the company has just stated a potential new product in terms of a(n) ?

R&D and engineering first produce the product concept into a physical product during which of the following stages of the new product development process ?

Traditionally companies have defined their business in product terms or in technological terms however mission statements should be all of the following EXCEPT ?

_______ is the step in the selling process in which the salesperson learns as much as possible about a prospective customer before making a sales call?

Which of the following is foreign owned (even through it is traditionally thought of as a U.S company) ?

The In suppliers are most likely to get nervous and feel pressure to put their best foot forward in which of the following types of buying situations ?