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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 off-price retailer that sells limited brand names for grocery items or other variety, offering discount to customers who pay membership fees is called?
A factory outlets
B warehouse clubs
C factory clubs
D surplus center
Correct Answer: warehouse clubs
Considering types of retailer stores, the one which is low margin, high volume and offers self-service operations to serve consumers grocery needs is classified as?
A selective market
B super market
C extensive market
D exclusive market
Correct Answer: super market
The major product variables that retailers must consider includes?
A services mix
B product assortment
C store atmosphere
D all of above
Correct Answer: all of above
The concept which states that new retailers begin as low price and low margin retailers and then covert into high priced retailers they have replaced is called?
A wheel of mega retailers
B wheel of retailing concept
C cycle of retailers
D retailers discount concept
Correct Answer: wheel of retailing concept
The contractual agreement between wholesaler, service organization and manufacturer according to which business people have rights to own units is classified as?
A franchise
B relative stores
C chain stores
D off price voluntary stores
Correct Answer: franchise
The third 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: determine incurred costs
The independent wholesaler which takes title of market offering is called?
A agents and brokers
B manufacturer’s sales branches
C voluntary franchise chain
D merchant wholesalers
Correct Answer: merchant wholesalers
The retailing operation which is operated and owned by manufacturer and carries surplus or irregular goods is classified as?
A factory outlets
B warehouse clubs
C factory clubs
D surplus center
Correct Answer: factory outlets
The retailer store which carries deep assortment of specialty product line and customers are served by knowledgeable staff is classified as?
A category killer
B discount killer
C limited inbound retailers
D limited outbound retailers
Correct Answer: category killer
The contractual agreement between independent retailers that has set up central wholesale operation and conduct joint promotion is classified as?
A voluntary franchise
B involuntary cooperative
C retailer cooperative
D voluntary cooperative
Correct Answer: retailer cooperative

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