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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 price cutting technique leads to various possible traps including __________?

A price-war traps

B shallow-pockets traps

C low-quality traps

D all of above

Review Detailed Answer

Correct Answer: all of above

The first step in the procedure of setting the price is to _________?

A analyzing prices of competitor’s

B estimating costs

C determining demand

D select pricing objective

Review Detailed Answer

Correct Answer: select pricing objective

The technique that allows company to determine the price which helps in yielding targeted return on investment is classified as ___________?

A markup pricing

B target return pricing

C target return costing

D markup costing

Review Detailed Answer

Correct Answer: target return pricing

The price increasing technique in which company sell goods in a bundle start, included in bundle separately is classified as __________?

A reduction of discounts

B unbundling

C delayed quotation pricing

D escalator clauses

Review Detailed Answer

Correct Answer: unbundling

The price discrimination in which the seller charges different prices for different classes for buyers is classified as ___________?

A fourth-degree discrimination

B second-degree price discrimination

C first-degree price discrimination

D third-degree discrimination

Review Detailed Answer

Correct Answer: third-degree discrimination

Considering accumulated production experience, the decreasing in average cost is classified as ___________?

A experience curve

B learning curve

C observational curve

D both A and B

Review Detailed Answer

Correct Answer: both A and B

The pricing technique according to which seller’s charge high prices every day and offer low prices on temporary basis is classified as __________?

A high low pricing

B value pricing

C perceived pricing

D everyday low pricing

Review Detailed Answer

Correct Answer: everyday low pricing

The form of countertrade in which seller sells equipment to some other country and receives money and goods as payments is called ____________?

A barter

B compensation deal

C offset

D buy back arrangement

Review Detailed Answer

Correct Answer: barter

Considering the Dutch auctions, the technique in which the auctioneer lower the announced price till bidder accepts price is used in situation of ________?

A One seller, many buyers

B One buyer, many sellers

C many sellers, many buyers

D None of above

Review Detailed Answer

Correct Answer: One seller, many buyers

The type of auctions which considers both situations such as, many buyers and one seller or one seller and many buyers, is classified as ___

A Australian auctions

B English auctions

C Dutch auctions

D Sealed-bid auctions

Review Detailed Answer

Correct Answer: Dutch auctions

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The price cutting technique leads to various possible traps including __________?

The first step in the procedure of setting the price is to _________?

The technique that allows company to determine the price which helps in yielding targeted return on investment is classified as ___________?

The price increasing technique in which company sell goods in a bundle start, included in bundle separately is classified as __________?

The price discrimination in which the seller charges different prices for different classes for buyers is classified as ___________?

Considering accumulated production experience, the decreasing in average cost is classified as ___________?

The pricing technique according to which seller’s charge high prices every day and offer low prices on temporary basis is classified as __________?

The form of countertrade in which seller sells equipment to some other country and receives money and goods as payments is called ____________?

Considering the Dutch auctions, the technique in which the auctioneer lower the announced price till bidder accepts price is used in situation of ________?

The type of auctions which considers both situations such as, many buyers and one seller or one seller and many buyers, is classified as ___