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Management Sciences 5307 MCQs [All-Courses]

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.

The method of pricing in which desired return is multiplied to invested capital divided by unit sales and unit cost is added into result is classified as _________?

A target return price

B value pricing

C perceived pricing

D target markup price

Review Detailed Answer

Correct Answer: target return price

If the fixed cost is $45000, units sold are 60000 and the variable cost is $25 then the unit cost will be __________?

A $33.75

B $30.75

C $25.75

D $28.75

Review Detailed Answer

Correct Answer: $25.75

The pricing technique according to which company charges it’s customers on the basis of prices competitors is classified as _________?

A value pricing

B perceived pricing

C going rate pricing

D high low pricing

Review Detailed Answer

Correct Answer: going rate pricing

The amusement parks charge less to school trips, is an example of ___________?

A channel pricing

B customer segment pricing

C product form pricing

D image pricing

Review Detailed Answer

Correct Answer: customer segment pricing

Considering the Dutch auctions, the technique in which the potential auctioneer offers the lowest to compete, is used in situation of __________?

A One seller, many buyers

B One buyer, many sellers

C many sellers, many buyers

D one buyer, one seller

Review Detailed Answer

Correct Answer: One buyer, many sellers

The techniques involved in promotional pricing are ________?

A loss leader pricing

B cash rebates

C low interest pricing

D all of the above

Review Detailed Answer

Correct Answer: cash rebates

The low prices of shoes for marathon participating athletes is an example of __________?

A special customer pricing

B special event pricing

C loss leader pricing

D cash rebates

Review Detailed Answer

Correct Answer: special customer pricing

The selling practice of companies in which company charges two or more prices without any difference in costs is classified as __________?

A price functionality

B price rebates

C price discrimination

D price leadership

Review Detailed Answer

Correct Answer: price discrimination

The price discrimination in which same product is charged differently at different places even though cost of offering the product is exactly same is known as ________?

A customer segment pricing

B product-form pricing

C location pricing

D channel pricing

Review Detailed Answer

Correct Answer: location pricing

The price reduction is awarded to buyers who buy services and goods in off-season is classified as __________?

A oligopolistic discount

B equalizing discount

C offset discount

D seasonal discount

Review Detailed Answer

Correct Answer: seasonal discount

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The method of pricing in which desired return is multiplied to invested capital divided by unit sales and unit cost is added into result is classified as _________?

If the fixed cost is $45000, units sold are 60000 and the variable cost is $25 then the unit cost will be __________?

The pricing technique according to which company charges it’s customers on the basis of prices competitors is classified as _________?

The amusement parks charge less to school trips, is an example of ___________?

Considering the Dutch auctions, the technique in which the potential auctioneer offers the lowest to compete, is used in situation of __________?

The techniques involved in promotional pricing are ________?

The low prices of shoes for marathon participating athletes is an example of __________?

The selling practice of companies in which company charges two or more prices without any difference in costs is classified as __________?

The price discrimination in which same product is charged differently at different places even though cost of offering the product is exactly same is known as ________?

The price reduction is awarded to buyers who buy services and goods in off-season is classified as __________?