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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 U.S consumers prefer familiar brands and are loyal to establish brands are classified as __________?

A strivers

B non-strivers

C non-believers

D believers

Review Detailed Answer

Correct Answer: believers

The people who don’t have to spend much on products are considered as ________?

A savvy shoppers

B non-savvy shoppers

C enthusiast

D non-enthusiast

Review Detailed Answer

Correct Answer: savvy shoppers

The passive people who are very concerned about their favorite brands are considered as _________?

A survivors

B non-survivors

C destroyers

D makers

Review Detailed Answer

Correct Answer: survivors

The potential and attractive target market are classified as __________?

A traditionalist

B savvy shoppers

C overwhelmed

D non-enthusiast

Review Detailed Answer

Correct Answer: overwhelmed

The process of creating ‘Value Proposition’ is considered as __________?

A segment profitability

B segment positioning

C acid test segments

D marketing mix

Review Detailed Answer

Correct Answer: segment positioning

The Company is able to respond customers by customizing market offering on one to one basis is classified as _________?

A mass customization

B individual empowerment

C super segments

D customaries

Review Detailed Answer

Correct Answer: super segments

The group of people who are self-sufficient and down-to-earth are considered as _________?

A non-makers

B non-destroyers

C makers

D destroyers

Review Detailed Answer

Correct Answer: makers

The step of creating storyboard of each segment for testing the profitability of each segment is classified as __________?

A acid test

B profitability test

C product positioning strategy

D segment attractiveness

Review Detailed Answer

Correct Answer: acid test

The group of people with traditional values and like to buy brands they have already heard is classified as _________?

A non-traditionalist

B traditionalist

C non-enthusiast

D enthusiast

Review Detailed Answer

Correct Answer: traditionalist

The shopping goods that differs on the basis of services and features rather than price are classified as __________?

A emergency shopping goods

B homogeneous shopping goods

C heterogeneous shopping goods

D impulse shopping goods

Review Detailed Answer

Correct Answer: heterogeneous shopping goods

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The U.S consumers prefer familiar brands and are loyal to establish brands are classified as __________?

The people who don’t have to spend much on products are considered as ________?

The passive people who are very concerned about their favorite brands are considered as _________?

The potential and attractive target market are classified as __________?

The process of creating ‘Value Proposition’ is considered as __________?

The Company is able to respond customers by customizing market offering on one to one basis is classified as _________?

The group of people who are self-sufficient and down-to-earth are considered as _________?

The step of creating storyboard of each segment for testing the profitability of each segment is classified as __________?

The group of people with traditional values and like to buy brands they have already heard is classified as _________?

The shopping goods that differs on the basis of services and features rather than price are classified as __________?