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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 industries such as media buying, energy management and advertising agencies are classified as_______?
A geographical hubs
B functional hubs
C vertical hubs
D horizontal hubs
Correct Answer: functional hubs
The individual who shapes product specifications and plays role in negotiation are classified as________?
A buyers
B suppliers
C approvers
D providers
Correct Answer: buyers
The form of undersupply relative to an explicit or implicit contract is classified as_________?
A self-serving
B opportunism
C reduced opportunities
D asset specify
Correct Answer: opportunism
The buying mode in which the buyer purchases products or services for the very first time is classified as________?
A new task
B modified task
C straight task
D in-house task
Correct Answer: new task
The individuals who request the need of purchasing something are classified as_______?
A initiators
B users
C influencers
D providers
Correct Answer: initiators
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
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
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
Correct Answer: deciders
The technical personnel of the Company is classified as________?
A initiators
B users
C influencers
D providers
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
Correct Answer: all of the above
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