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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 second step of value based pricing is to?
A determine incurred costs
B design product
C assess needs of customer
D set target price
Correct Answer: set target price
The businesses and products collectively make a company’s?
A Business portfolio
B Strategic plan
C Mission statement
D Vision statement
Correct Answer: Business portfolio
The procedure of arranging a product to occupy distinct place in target customers mind is called?
A Market segmentation
B Targeting
C Differentiation
D Positioning
Correct Answer: Positioning
The social class group who rely heavily on inherited wealth is best classified as?
A upper middles
B working class
C lower uppers
D upper uppers
Correct Answer: upper uppers
The customers who adopt new ideas and rarely are leaders are classified as?
A innovators
B early majority
C laggard
D early adopter
Correct Answer: early majority
The Company’s key businesses are known as?
A Portfolio analysis
B Strategic Business Units (SBU’s)
C Both a and b
D None of above
Correct Answer: Strategic Business Units (SBU’s)
The buying of products such as ‘fast food’ is an example of?
A difficult products
B sought services
C sought products
D convenient products
Correct Answer: convenient products
The products or market offering bought by consumers for personal consumption are classified as?
A augmented product
B consumer products
C industrial products
D intangible services
Correct Answer: consumer products
The sum of variable costs and fixed costs is called?
A total costs
B overhead costs
C markup costs
D both a and b
Correct Answer: total costs
The major pricing strategies does not includes?
A competition based pricing
B customer value based pricing
C cost based pricing
D discount and bonus pricing
Correct Answer: discount and bonus pricing
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