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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 pricing technique through sellers charge constant low prices without any sales promotion effort is classified as ________?

A perceived pricing

B everyday low pricing

C high low pricing

D value pricing

Review Detailed Answer

Correct Answer: everyday low pricing

The maximum current profit, market skimming, product quality leadership and market share are considered as the techniques of _________?

A determining demand

B select pricing objective

C analyzing prices of competitor’s

D estimating costs

Review Detailed Answer

Correct Answer: select pricing objective

If the total cost is $70000 and the level of production is 30000 units then the average cost will be __________?

A $2.33

B $3.33

C $4.33

D $5.33

Review Detailed Answer

Correct Answer: $2.33

The demand curve for the prestige goods slopes is __________?

A upward

B downward

C leftward

D rightward

Review Detailed Answer

Correct Answer: upward

If the unit cost is $30, desired return on sales is 75%, invested capital $60000 and units sold are 20000 then target return price is __________?

A $45.25

B $40.25

C $36.25

D $32.25

Review Detailed Answer

Correct Answer: $32.25

The demand for a particular product can decline if the price is _________?

A stable

B high

C low

D constant

Review Detailed Answer

Correct Answer: high

The problem arises in price cut when the customer’s assume that quality of product has become poor is called __________?

A low-quality trap

B fragile-market-share trap

C shallow-pockets trap

D price-war traps

Review Detailed Answer

Correct Answer: low-quality trap

The price cut technique which results in increasing market share but less loyal customers in market is classified as ___________?

A low-quality trap

B fragile-market-share trap

C shallow-pockets trap

D price-war traps

Review Detailed Answer

Correct Answer: fragile-market-share trap

The kind of industry in which sellers of commodities such as paper, fertilizer and steel is classified as ________?

A every day competitive industry

B oligopolistic industry

C monopolistic industry

D pure competition industry

Review Detailed Answer

Correct Answer: oligopolistic industry

The form of countertrade in which buyer’s and seller’s exchange goods without involving any third party is classified as _________?

A barter

B compensation deal

C offset

D buy back arrangement

Review Detailed Answer

Correct Answer: barter

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The pricing technique through sellers charge constant low prices without any sales promotion effort is classified as ________?

The maximum current profit, market skimming, product quality leadership and market share are considered as the techniques of _________?

If the total cost is $70000 and the level of production is 30000 units then the average cost will be __________?

The demand curve for the prestige goods slopes is __________?

If the unit cost is $30, desired return on sales is 75%, invested capital $60000 and units sold are 20000 then target return price is __________?

The demand for a particular product can decline if the price is _________?

The problem arises in price cut when the customer’s assume that quality of product has become poor is called __________?

The price cut technique which results in increasing market share but less loyal customers in market is classified as ___________?

The kind of industry in which sellers of commodities such as paper, fertilizer and steel is classified as ________?

The form of countertrade in which buyer’s and seller’s exchange goods without involving any third party is classified as _________?