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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 process through which large organizations identify, choose and evaluate among the range of brands is classified as________?

A small buying

B procedure buying

C organizational buying

D large buying

Review Detailed Answer

Correct Answer: organizational buying

The markets in which participants directly exchange goods or services are classified as________?

A public markets

B barter markets

C buying markets

D private alliances

Review Detailed Answer

Correct Answer: barter markets

The group or individuals who decide the supplier’s and product requirements are classified as________?

A deciders

B selectors

C evaluators

D providers

Review Detailed Answer

Correct Answer: deciders

The technical personnel of the Company is classified as________?

A initiators

B users

C influencers

D providers

Review Detailed Answer

Correct Answer: influencers

New task buying process passes through the stages such as________?

A awareness

B evaluation

C trial and adoption

D all of the above

Review Detailed Answer

Correct Answer: all of the above

The demand which is not affected by price ranges is classified as________?

A inelastic demand

B elastic demand

C inelastic price

D elastic price

Review Detailed Answer

Correct Answer: inelastic demand

With the passage of time, the new-buy situations become_________?

A straight rebuy

B straight buy

C new rebuy

D modified rebuy

Review Detailed Answer

Correct Answer: straight rebuy

The type of contract in which single supplier provides the buyer with all the requirements is classified as________?

A systems buying

B management supplies

C systems contracting

D system selling

Review Detailed Answer

Correct Answer: systems contracting

The buying situations in business markets include___________?

A straight rebuy

B new task

C modified rebuy

D all of the above

Review Detailed Answer

Correct Answer: all of the above

The individuals who have formal authority in selection of supplier’s are classified as________?

A approvers

B deciders

C buyers

D evaluators

Review Detailed Answer

Correct Answer: buyers

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The process through which large organizations identify, choose and evaluate among the range of brands is classified as________?

The markets in which participants directly exchange goods or services are classified as________?

The group or individuals who decide the supplier’s and product requirements are classified as________?

The technical personnel of the Company is classified as________?

New task buying process passes through the stages such as________?

The demand which is not affected by price ranges is classified as________?

With the passage of time, the new-buy situations become_________?

The type of contract in which single supplier provides the buyer with all the requirements is classified as________?

The buying situations in business markets include___________?

The individuals who have formal authority in selection of supplier’s are classified as________?