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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 extra payment awarded to resellers for their participation in special programs is classified as __________?
A allowance
B offset discount
C seasonal discount
D equalizing discount
Correct Answer: allowance
The factor which does not lead in product price increasing is _________?
A cost inflation
B over demand
C anticipatory pricing
D predatory pricing
Correct Answer: predatory pricing
The pricing strategy practiced by company according to which prices are high for products at introduction stage and drops overtime is classified as _________?
A push pricing strategy
B market penetration pricing
C market skimming pricing
D quality leadership pricing
Correct Answer: market skimming pricing
The reduction of price awarded to the customers who pay their bills promptly is classified as ________?
A non-functional discount
B discount
C quantity discount
D descriptive discount
Correct Answer: discount
The type of trading in which buyers and sellers exchange goods in place of payments is classified as _______?
A ascending trade
B sealed trade
C countertrade
D descending trade
Correct Answer: countertrade
The price discrimination in which seller charges different prices to different customers on the basis of their demand is classified as __________?
A second-degree price discrimination
B first-degree price discrimination
C third-degree discrimination
D fourth-degree discrimination
Correct Answer: first-degree price discrimination
Considering auction-type pricing, the techniques are involved like ___________?
A English auctions
B Dutch auctions
C Sealed-bid auctions
D all of the above
Correct Answer: all of the above
If the unit cost is $25 and the desired return on sales is 60% then the markup price is _________?
A $62.50
B $65.50
C $69.50
D $75.50
Correct Answer: $62.50
The desired return is subtracted from 1 and is divided by unit cost to calculate __________?
A markup demand
B unit cost
C markup cost
D markup price
Correct Answer: markup price
The fixed cost is divided by unit sales and then added into variable cost for calculation is ___________?
A markup demand
B unit cost
C markup cost
D markup price
Correct Answer: unit cost
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