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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

Considering pricing strategies, the price issue that arise when sellers set prices with opinion from competitors is classified as?
A price fixing
B predatory pricing
C price maintenance
D discriminatory pricing
Correct Answer: price fixing
The second step in 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: determine cost of product
The first step of cost based pricing strategy is to?
A design a product
B determine cost of product
C set price based on cost
D convince buyer about products value
Correct Answer: design a product
The first step of value based pricing is to?
A assess needs of customer
B set target price
C determine incurred costs
D design product
Correct Answer: assess needs of customer
If customers perceive that price of product is greater than the value it provides to customer then the customer?
A would get free products
B would get discount
C would buy product
D would not buy product
Correct Answer: would not buy product
The type of cost reduction made for channel members who perform the functions of record keeping, storing and selling is classified as?
A functional discount
B quantity discount
C cash discount
D seasonal discount
Correct Answer: functional discount
The pricing issues within channel levels includes?
A price maintenance
B predatory pricing
C price discrimination
D deceptive pricing
Correct Answer: predatory pricing
The kind of pricing strategy which allow sellers to continuously adjust prices according to needs and characteristics of customers is classified as?
A fake pricing
B termed pricing
C dynamic pricing
D international pricing
Correct Answer: dynamic pricing
The type of cost reduction made for buyers who pay their accounts payable promptly is classified as?
A cash discount
B seasonal discount
C functional discount
D quantity discount
Correct Answer: cash discount
Finding new segments and new users which can result in increased consumption of market offering is said to be?
A modifying marketing mix
B modifying raw material schedule
C modifying the product
D modifying the market
Correct Answer: modifying the market
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