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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 costs of products that do not fluctuate with the level of production are classified as _________?
A quality costs
B augmented costs
C variable costs
D fixed costs
Correct Answer: fixed costs
The reduction in price awarded to customers who buy products in large volumes is classified as __________?
A non-functional discount
B discount
C quantity discount
D descriptive discount
Correct Answer: discount
If the desired return on sales is 70% and the markup price is $65 then the unit cost will be ___________?
A $30.00
B $25.50
C $19.50
D $22.50
Correct Answer: $19.50
The ice-cream brand sell their same serving of ice-cream at different locations depend on from where you can buy, is an example of ___________?
A location pricing
B channel pricing
C customer segment pricing
D product-form pricing
Correct Answer: channel pricing
The form of countertrade in which seller gets payments in cash and agrees to spend amount of money within specific time period is classified as __________?
A offset
B buy back arrangement
C barter
D compensation deal
Correct Answer: offset
The kind of pricing in which prices are set below the cost temporarily and intentionally to destroy the competitors is classified as _________?
A non-predatory pricing
B predatory pricing
C descriptive pricing
D augmented pricing
Correct Answer: predatory pricing
The sum of variable costs and fixed costs is classified as _______?
A fixed costs
B total costs
C augmented costs
D variable costs
Correct Answer: total costs
The pricing objective of company who is plagued with intense competition and overcapacity is ___________?
A maximum market skimming
B maximum market share
C maximum current profit
D survival
Correct Answer: survival
The target return pricing method is used by company’s selling for _________?
A demand inelastic items
B specialty items
C public utilities
D slower moving items
Correct Answer: public utilities
The reduction in price awarded to customers who buy products in large volumes is classified as ________?
A unbundling
B delayed quotation pricing
C reduction of discounts
D reduction of discounts
Correct Answer: reduction of discounts
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