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Management Sciences 5307 MCQs [All-Courses]

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Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

All Topics  5307

The second phase of value creation sequence is _________?
A providing the value
B choosing the value
C making the value
D communicating the value
Correct Answer: providing the value
The ‘product-development strategy’ is used to gain market share __________?
A new products in new market
B current product in current market
C new products in current markets
D new products for new markets
Correct Answer: new products in current markets
The process of defining the focus of selling to potential market is called __________?
A strategic market definition
B financial market definition
C target market definition
D business analysis definition
Correct Answer: strategic market definition
Activities in the value chain’s support are included __________?
A procurement
B technology development
C infrastructure of firm
D all of the above
Correct Answer: all of the above
In the value creation, ‘providing the value’ phase includes _________?
A determining specific features
B determining product price
C determining product inventory
D both A and B
Correct Answer: both A and B
The building of understanding, individual customer offerings and deeper relationships is the part of ____________?
A customer acquisition process
B the new-offering process
C customer relationship management
D the strategic management process
Correct Answer: customer relationship management
The ‘value chain’ identifies primary activities and __________?
A Four support activities
B Five support activities
C Six support activities
D Seven support activates
Correct Answer: Four support activities
The phases in value creation sequence process does not include __________?
A choosing the value
B communicating the value
C providing the value
D making the superior product
Correct Answer: making the superior product
The planning of marketing tactics, merchandising and customer services is the part of ___________?
A strategic marketing plan
B market opportunities
C tactical marketing plan
D firm’s financial plan
Correct Answer: tactical marketing plan
The process of planning where to allocate the funds of business unit is the part of planning under __________?
A division level
B business level
C corporate level
D decision level
Correct Answer: division level
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