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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 pricing strategy in which prices are adjusted for psychological effect is classified as?
A segmented pricing
B psychological pricing
C promotional pricing
D geographical pricing
Correct Answer: psychological pricing
According to PLC stage, when a newly developed product satisfies the market then the stage it enters called?
A growth stage
B lately buying stage
C segmenting stage
D targeting stage
Correct Answer: growth stage
The last step of cost based pricing is to?
A set price based on cost
B convince buyer about products value
C design a product
D determine cost of product
Correct Answer: convince buyer about products value
For developing new products, the company must know its?
A markets
B consumers
C competitors
D all of above
Correct Answer: all of above
The value that customers give up to get the benefits of products or services is classified as?
A discount
B value added tax
C price
D tax
Correct Answer: price
The pricing strategy for new product through which revenues are collected from segments willing to pay higher prices is classified as?
A market skimming pricing
B market penetration strategy
C business line pricing
D product line pricing
Correct Answer: market skimming pricing
The kind of pricing strategy in which one product or service is sold for two different prices without any differences in cost is classified as?
A segmented pricing
B psychological pricing
C promotional pricing
D geographical pricing
Correct Answer: segmented pricing
The product life cycle (PLC) stages includes?
A product development
B growth
C maturity and decline
D all of above
Correct Answer: all of above
In the ‘growth stage of product life cycle’ the cost per customer is?
A high
B low
C average
D moderate
Correct Answer: average
The process of involving the pool of communities for idea building such as customers, employees and even public at large is classified as?
A crowdsourcing
B internal sourcing
C off sourcing
D off shoring
Correct Answer: crowdsourcing
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