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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 classic example of multi-brands is?
A Coca-Cola of different flavors
B P&G detergents brands as ‘Tide, Ivory, Dreft’
C Toyota new brand ‘Scion’
D Kellogg’s Special K’ snacks and protein waters
Correct Answer: P&G detergents brands as ‘Tide, Ivory, Dreft’
The companies who are selling life insurances are selling?
A sought specialty products
B augmented industrial product
C unsought shopping products
D unsought consumer products
Correct Answer: unsought consumer products
The products that are low priced and placed at most convenient available places in retail stores are classified as?
A specialty products
B subspecialty products
C convenience products
D unsought products
Correct Answer: convenience products
The consumer products with unique and differentiated characteristics are best classified as?
A specialty products
B unsought products
C convenient products
D unsought specialty products
Correct Answer: specialty products
The products such as toffees and candies are examples of?
A convenience products
B unsought products
C shopping products
D augmented products
Correct Answer: convenience products
The third step of cost based pricing 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: set price based on cost
The ‘preplanned funeral services’ are classified as?
A unsought services
B augmented services
C industrial services
D specialty products
Correct Answer: unsought services
The industry installations consists of major purchases such as?
A buildings
B fixed equipment
C accessory and office equipment
D all of above
Correct Answer: all of above
The products that customers buy after comparing suitability of products are classified as?
A non-shopping products
B shopping products
C specialty products
D unsought products
Correct Answer: shopping products
The personal selling technique is frequently used in marketing mix designed for?
A sought industrial products
B specialty industrial products
C shopping consumer products
D augmented products
Correct Answer: shopping consumer products
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