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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 prices that buyers keep in their mind and compare the price of given product to other product’s prices are called?

A double way pricing

B Two way pricing

C reference prices

D comparable prices

Review Detailed Answer

Correct Answer: reference prices

The pricing strategy which combines prices of two or more products in a combo pack is classified as?

A segmented pricing

B discount pricing

C allowance pricing

D product bundle pricing

Review Detailed Answer

Correct Answer: product bundle pricing

The geographical pricing strategy in which seller bears whole or portion of freight is classified as?

A flexible pricing

B uniform pricing

C basing point pricing

D freight absorption costing

Review Detailed Answer

Correct Answer: freight absorption costing

The issues in pricing strategies includes?

A predatory pricing

B price fixing

C deceptive pricing

D all of above

Review Detailed Answer

Correct Answer: all of above

The type of product development which is systematic, holistic and not compartmentalized is said to be?

A customer centered product development

B team based product development

C systematic product development

D concentration based development

Review Detailed Answer

Correct Answer: systematic product development

The pricing strategy whose steps are setup between different lines of product offered by same organization is called?

A optional pricing

B product line pricing

C competitive pricing

D captive pricing

Review Detailed Answer

Correct Answer: product line pricing

According to ‘real-win-worth doing’ proposition of marketing, checking the fit of product in overall strategy is part of?

A real

B win

C worth doing

D less worthy

Review Detailed Answer

Correct Answer: worth doing

The process of changing one or more elements of marketing mix to improve sales is classified as?

A modifying marketing mix

B modifying raw material schedule

C modifying the product

D modifying the market

Review Detailed Answer

Correct Answer: modifying marketing mix

When the captive product pricing is used for services then this pricing strategy is classified as?

A two-part pricing

B combine pricing

C double pricing

D optional part pricing

Review Detailed Answer

Correct Answer: two-part pricing

The sales of products in introductory stage are recorded by the company as?

A low sales

B rapidly rising

C peak sales

D gradually declining

Review Detailed Answer

Correct Answer: low sales

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The prices that buyers keep in their mind and compare the price of given product to other product’s prices are called?

The pricing strategy which combines prices of two or more products in a combo pack is classified as?

The geographical pricing strategy in which seller bears whole or portion of freight is classified as?

The issues in pricing strategies includes?

The type of product development which is systematic, holistic and not compartmentalized is said to be?

The pricing strategy whose steps are setup between different lines of product offered by same organization is called?

According to ‘real-win-worth doing’ proposition of marketing, checking the fit of product in overall strategy is part of?

The process of changing one or more elements of marketing mix to improve sales is classified as?

When the captive product pricing is used for services then this pricing strategy is classified as?

The sales of products in introductory stage are recorded by the company as?