M C Q s D r i v e

Management Sciences 5308 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.

The price increasing technique in which companies with long lead times, do not set price until product is finished is classified as _____________?

A reduction of discounts
B unbundling
C delayed quotation pricing
D escalator clauses
Correct Answer: delayed quotation pricing

The extra payment awarded for sales program and advertising is classified as ___________?

A seasonal allowances
B trade-off allowances
C promotional allowances
D trade-in allowances
Correct Answer: promotional allowances

The overhead costs are also known as ___________?

A employees’ salaries
B labor wages
C fixed costs
D variable costs
Correct Answer: fixed costs

The floor of the product’s price is set with the help of __________?

A supply
B cost
C discount and allowance
D demand
Correct Answer: cost

The pricing technique in which the buyers place an order within 20 minutes after watching the paid ad on TV is classified as ___________?

A season pricing
B emergency pricing
C channel pricing
D time pricing
Correct Answer: time pricing

The price increasing technique in which customers are asked to pay today’s price as well as inflation increased before delivery of goods is classified as ___________?

A escalator clauses
B reduction of discounts
C unbundling
D delayed quotation pricing
Correct Answer: escalator clauses

The price cutting technique leads to various possible traps including __________?

A price-war traps
B shallow-pockets traps
C low-quality traps
D all of above
Correct Answer: all of above

The first step in the procedure of setting the price is to _________?

A analyzing prices of competitor’s
B estimating costs
C determining demand
D select pricing objective
Correct Answer: select pricing objective

The technique that allows company to determine the price which helps in yielding targeted return on investment is classified as ___________?

A markup pricing
B target return pricing
C target return costing
D markup costing
Correct Answer: target return pricing

The price increasing technique in which company sell goods in a bundle start, included in bundle separately is classified as __________?

A reduction of discounts
B unbundling
C delayed quotation pricing
D escalator clauses
Correct Answer: unbundling