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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.

If a firm were to bid to do a turnkey operation where they would choose a building site designing a cement factory to build the plant hire construction crews assemble materials and equipment to run the new factory and turn over the finished factory ready to operate to the owners the firm would be using which of the following ?

A Core Process products selling

B Design Products selling

C Reciprocal spelling

D Systems selling

Review Detailed Answer

Correct Answer: Systems selling

A(n) _____ is a retail store that carries a narrow product line with a deep assortment within that line ?

A shopping goods store

B convenience store

C specialty store

D department store

Review Detailed Answer

Correct Answer: specialty store

Consumer goods with unique characteristics or brand identification often requiring a special purchase effort are called?

A custom products

B specialty products

C convenience products

D shopping products

Review Detailed Answer

Correct Answer: specialty products

________ is the practice of adopting policies and developing strategies that both sustain the environment and produce profits for the company ?

A Environmentalism

B Environmental sustainability

C Consumerism

D Consumer accountability

Review Detailed Answer

Correct Answer: Environmental sustainability

When an importing country sets limits on the amount of goods it will accept in certain product categories it is called a(n) ?

A quota

B barrier

C tariff

D embargo

Review Detailed Answer

Correct Answer: quota

The Wheeler-Lea Act gives the Federal Trade Commission the power to regulate ?

A interstate commerce

B marketing ethics

C unfair and deceptive acts or practices

D competitive advertising of objective product benefits

Review Detailed Answer

Correct Answer: unfair and deceptive acts or practices

_______ beliefs values are open to some degree of change ?

A Crucial

B Core

C Primary

D Secondary

Review Detailed Answer

Correct Answer: Secondary

Drop shippers perform which of the following functions ?

A Assumes title and ships coal, lumber or heavy equipment to a buyer

B Stocks the bread rack in a grocery store

C Maintains, owns and stocks a CD display in a grocery store

D Sells jewelry out of a catalog

Review Detailed Answer

Correct Answer: Assumes title and ships coal, lumber or heavy equipment to a buyer

________ is setting the price steps between various products in a product the based on cost difference between the products, customer evaluations of different features, and competitors prices ?

A Optional-product pricing

B Captive-product pricing

C Product line pricing

D By-product pricing

Review Detailed Answer

Correct Answer: Product line pricing

Which of the following promotional budget methods wrongly views sales as the cause of promotion rather than as the result ?

A Affordable method

B Percentage of Sales method

C Competitive parity method

D Objective and task method

Review Detailed Answer

Correct Answer: Percentage of Sales method

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

A(n) _____ is a retail store that carries a narrow product line with a deep assortment within that line ?

Consumer goods with unique characteristics or brand identification often requiring a special purchase effort are called?

________ is the practice of adopting policies and developing strategies that both sustain the environment and produce profits for the company ?

When an importing country sets limits on the amount of goods it will accept in certain product categories it is called a(n) ?

The Wheeler-Lea Act gives the Federal Trade Commission the power to regulate ?

_______ beliefs values are open to some degree of change ?

Drop shippers perform which of the following functions ?

________ is setting the price steps between various products in a product the based on cost difference between the products, customer evaluations of different features, and competitors prices ?

Which of the following promotional budget methods wrongly views sales as the cause of promotion rather than as the result ?